Higher prices for services drive US PPI up

10 September 2020

 

Summary: Prices received by producers increase by 0.3% on average; rise slightly higher than expected; annual “core” PPI continues moves away from zero; long-term US bond yields decline on day; PPI rise predominantly driven by higher services prices.   Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which then continued through 2019. Months in which prices received by producers...

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