US: Expect a steady increase in core PPI - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura, note that the US producer prices picked up in September, up 0.4% m-o-m from August, partially boosted by a strong weather-driven increase in energy prices.

Key Quotes

“Finished core consumer goods prices (excluding food and energy), a component relevant for core CPI, rose steadily by 0.2%. As the transitory impact from energy components subsides, aggregate producer price inflation may slow in October from the September pace. Excluding volatile food, energy, and trade, we expect a steady increase in core PPI.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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