US core PPI figures surprise in August

14 September 2022

 

Summary: US producer price index (PPI) down 0.1% in August, less than expected figure; annual rate slows to 8.7%; “core” PPI up 0.4%; underlying PPI data does not allay fears of further Fed hikes; short-term US Treasury yields jump, rate-rise expectations firm. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in which producer prices...

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