US August PPI higher than expected; core measure subdued

14 September 2023

 

Summary: US producer price index (PPI) up 0.7% in August, more than expected; annual rate increases to 1.6%; “core” PPI up 0.2%; ANZ: PPI ex energy very subdued, implies ongoing improvement; Treasury yields up; 2024 rate-cut expectations soften; goods prices up 2.0%, services prices up 0.2%. 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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