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Producer Price Index: Difference between revisions
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!'''Market Reaction''' | !'''Market Reaction''' | ||
!'''Release Date''' | !'''Release Date''' | ||
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|2023 October | |||
|1.30% | |||
|1.90% | |||
|2.20% | |||
| -0.50% | |||
|0.10% | |||
|0.40% | |||
| | |||
|November 15 | |||
|- | |- | ||
|2023 September | |2023 September | ||
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* Services grew 0.3% in September. | * Services grew 0.3% in September. | ||
* The rise in goods prices was mainly contributed by gasoline prices, which rose 5.4%. | * The rise in goods prices was mainly contributed by gasoline prices, which rose 5.4%. | ||
=== October 2023 === | |||
* October producer price index(PPI) fell 0.5%<ref>https://www.bls.gov/news.release/pdf/ppi.pdf</ref>, the largest decrease since April and compared to +0.1% estimate<ref>https://www.bloomberg.com/news/articles/2023-11-15/us-producer-prices-decline-by-most-since-april-2020-on-gasoline</ref> and 0.4% growth in September (revised down from 0.5%). | |||
* Yearly, PPI rose 1.3%, below 1.9% estimate and lower than 2.2% in September. | |||
* Core PPI was flat month-over-month versus +0.3% estimate. | |||
* Yearly, core PPI rose 2.4%, below +2.7% estimate. | |||
* Over 80% of the decline in headline PPI was due to a 15.3% drop in the price of gasoline. | |||
* Services costs were flat month-over-month after rising for six consecutive months. | |||
== References == | == References == | ||