US: Annual PPI (ex-food, energy & trade) rises to 2.9% in September

Eren Sengezer FXStreet

"The Producer Price Index for final demand increased 0.2 percent in September, seasonally adjusted," the U.S. Bureau of Labor Statistics announced on Wednesday.

Key takeaways from the press release

The index for final demand less foods, energy, and trade services moved up 0.4 percent in September, the largest rise since a 0.5-percent increase in January.
- For the 12 months ended in September, prices for final demand less foods, energy, and trade services advanced 2.9 percent.
In September, over one-third of the advance in prices for final demand services can be traced to the index for airline passenger services, which rose 5.5 percent.
Leading the September decline in the index for final demand goods, gasoline prices fell 3.5 percent.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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