US PPI Rose More Than Expected in August

The Producer Price Index (PPI) in the United States increased by 0.3% in August compared to 0.6% in July, data showed on Thursday.

The reading comes as double the expectations of a recent Reuters poll, and after the index declined by 0.2% in June.

Analysts had expected an increase of 0.2%.

Excluding food, energy, and trade services components, producer prices increased by 0.4 in August compared to 0.5% in July.