Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

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 The PPI serves as a leading indicator for the CPI, so when producers face input inflation, the increases in their production costs are passed on to retailers and consumers
-*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>.
+*September producer price index(PPI) rose 0.5% from a month earlier<ref name=":22">https://www.bls.gov/news.release/pdf/ppi.pdf</ref>, exceeding estimate for a 0.3% increase<ref>https://www.cnbc.com/2023/10/11/ppi-september2023-.html</ref>.
-*Yearly, PPI rose 1.6%, also exceeding estimate for a 1.2% rise.
+*Yearly, PPI rose 2.2%, also exceeding estimate for a 1.6% rise and August's 2.0% (revised up from 1.6%).
-*Core PPI increased 0.2%, in-line with the estimate.
+*Core PPI rose 0.3%, above 0.2% estimate.
-*Year-over-year, core PPI rose 2.2%, also in-line with the estimate.
+* The increase in PPE came mainly from final demand goods, which rose 0.9% on the month.
-* The increase in PPI was mainly attributed to energy prices which rose 10.5% in August(July:+0.8%).
+*Services grew 0.3% in September.
-*The prices for final demand goods rose 2% on the month while services prices rose 0.2%.
+* The rise in goods prices was mainly contributed by gasoline prices, which rose 5.4%.
 ===4. Housing Market===
 Past Developments: [[Housing Market: US#Price Developments|Housing Market: US]]