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
European Stocks Hold Steady as Key Events Unfold Globally
European markets traded in a narrow range on Monday, reflecting investor caution at the start …