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Trading news
11 Oct 2024
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.
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.