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Producer Price Index: Difference between revisions
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* Yearly, core PPI was up 2.4% versus 2.3% estimate. | * Yearly, core PPI was up 2.4% versus 2.3% estimate. | ||
* The increase in PPI was mainly attributed to services, which rose 0.5% for the month, the largest increase since August 2022. | * The increase in PPI was mainly attributed to services, which rose 0.5% for the month, the largest increase since August 2022. | ||
=== August 2023 === | |||
* August producer price index(PPI) rose 0.7% from a month earlier<ref>https://www.bls.gov/news.release/pdf/ppi.pdf</ref>, exceeding estimate for a 0.4% increase<ref>https://www.bloomberg.com/news/articles/2023-09-14/us-producer-prices-rise-most-in-more-than-a-year-on-energy-costs</ref>. | |||
* Yearly, PPI rose 1.6%, also exceeding estimate for a 1.2% rise. | |||
* Core PPI increased 0.2%, in-line with the estimate. | |||
* Year-over-year, core PPI rose 2.2%, also in-line with the estimate. | |||
* The increase in PPI was mainly attributed to energy prices which rose 10.5% in August(July:+0.8%). | |||
* The prices for final demand goods rose 2% on the month while services prices rose 0.2%. | |||
== References == | == References == | ||