US PPI Rises 0.4% M/M as Energy Pressure Builds

Wait 5 sec.

US producer prices accelerated in August, with final-demand PPI rising from 0.1% to 0.4% m/m, matching consensus, while the annual rate reached 5.4%, slightly above the 5.3% forecast. The underlying measure excluding food, energy and trade services eased from 0.4% to 0.3% m/m, but still stood at 4.7% y/y, indicating that broader producer-price pressure remained […]The post US PPI Rises 0.4% M/M as Energy Pressure Builds appeared first on ActionForex.