US: Annual Core PPI Rises to 1.2% in September

The Producer Price Index (PPI) in the US for final demand ticked higher to 0.4% on a monthly basis in September from 0.3% in August, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the PPI rose to 0.4% from -0.2% and came in higher than the market expectation of 0.2%.

Further details of the publication revealed that the Core PPI, which excludes volatile food and energy prices, climbed from 0.6% to 1.2% on a yearly basis and surpassed analysts’ estimate of 0.9%.