US annual PPI rises 2.2% in September vs. 1.6% expected

Producer inflation in the US accelerated in September.
US Dollar Index stays below 106.00 after the PPI data.

Eren Sengezer FXStreet

The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in September, up from the 2% increase recorded in August, the data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in higher than the market expectation of 1.6%.

The annual Core PPI increased 2.7% in the same period, higher than the August reading and analysts' estimate of 2.2% and 2.3%, respectively. On a monthly basis, the Core PPI rose 0.3%.

Market reaction

The US Dollar Index edged slightly higher with the immediate reaction and was last seen gaining 0.1% on the day at 105.90.

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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