US: Modest upstream inflation in PPI - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura expect only modest inflation of upstream prices as measured by the US PPI.

Key Quotes

“The headline PPI rose a steady 0.2% m-o-m in September. A solid 0.4% m-o-m increase in “core” PPI (which excludes volatile energy, food and trade services) was boosted by a sharp 5.5% m-o-m increase in airline passenger service prices, which appears to be transitory.”

“The 0.4% advance in the core PPI is likely unsustainable and the pace of monthly inflation will should remain modest in coming months.”

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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