US: Producer prices up 0.3% in September, core PPI rises 0.2%

Ani Salama FXStreet

US producer price index increased 0.3% on a seasonally adjusted basis in September, the Labor Department said Friday. Expectations were for a 0.2% increase.

Excluding often-volatile prices for food and energy, the so called core index, rose 0.2% last month, matching expectations.

The headline PPI rose 0.7% in September from a year earlier versus 0.6% expected. It was the largest annual increase in PPI since December 2014. Excluding food and energy, prices were up 1.2% from a year earlier, in line with analysts consensus.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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