- US: Annual PPI declines to 8.5% in September vs. 8.4% expected
Market news
12 October 2022
US: Annual PPI declines to 8.5% in September vs. 8.4% expected
- Annual PPI in the US declined modestly in September.
- US Dollar Index stays in positive territory above 113.00 after the data.
The Producer Price Index (PPI) for final demand in the US declined to 8.5% on a yearly basis in September from 8.7% in August, the data published by the US Bureau of Labor Statistics revealed on Wednesday. This print came in slightly higher than the market expectation of 8.4%.
The annual Core PPI edged lower to 7.2% from 7.3%, compared to analysts' estimate of 7.3%. On a monthly basis, the Core PPI was up 0.3%, matching August's print.
Market reaction
The US Dollar Index stretched higher with the initial reaction and was last seen rising 0.13% on the day at 113.43.
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