“Strong inflation narrative” continues; US September PPI up 0.4%

12 October 2022

 

Summary: US producer price index (PPI) up 0.4% in September, double expected figure; annual rate slows to 8.5%; “core” PPI up 0.3%; figures “little respite” from “strong inflation narrative”; “will put pressure on Fed to continue to aggressively hike rates”; Treasury yields decline, rate-rise expectations soften. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months...

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