US annual PPI inflation edges lower to 1.8% in September vs. 1.6% expected

Producer inflation in the US rose at a stronger pace than expected in September.
US Dollar Index stays slightly below 103.00 following the PPI data.

Eren Sengezer FXStreet

The Producer Price Index (PPI) for final demand in the US rose 1.8% on a yearly basis in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 1.9% increase recorded in August and came in above the market expectation of 1.6%.

The annual core PPI rose 2.8% in the same period, surpassing analysts' estimate of 2.7%. On a monthly basis, the PPI was unchanged, while the core PPI was up 0.2%

Market reaction

The US Dollar Index showed no reaction to these data and was last seen moving sideways slightly below 103.00.

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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