The Producer Price Index (PPI) in the US for final demand rose to 8.3% on a yearly basis in August from 7.8% in July, the US Bureau of Labor Statistics announced on Friday. This reading came in higher than the market expectation of 8.2%.
Tags ppi US Economy
Check Also
Sterling Rebounds Following Softer US PCE Data
The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …