Highest increase in US PPI in 11 years

In the US, the Producer Price Index rose 0.7 percent month on month in August, surpassing market expectations. Producer prices rose 8.3 percent year-on-year in August, the highest increase since November 2010.

The US Department of Labor has released the Producer Price Index (PPI) data for August. Accordingly, PPI increased by 0.7 percent in August compared to the previous month. In this period, the PPI, which increased above the market expectations, was expected to increase by 0.6 percent. The PPI rose 1 percent in July. Producer prices rose 8.3 percent year-on-year in August, rising above market expectations.

The index, which showed the highest increase since November 2010, was expected to increase by 8.2 percent annually in August. In July, the index increased by 7.8 percent year on year.

Core PPI, which does not include variable food, energy and trade prices, rose 0.3 percent monthly and 6.3 percent annually in August. The market expectation for the core PPI was 0.5 percent monthly and 6.6 percent annual increase.

By measuring the prices of inputs used in production, the PPI gives clues about final product prices and headline inflation. The US Federal Reserve (Fed) tracks all inflation indicators, including the PPI.


Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

*The article has been translated based on the content of bigpara- GÜNDEM by bigpara.hurriyet.com.tr. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!