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US annual PPI rises 2.2% in September vs. 1.6% expected

  • Producer inflation in the US accelerated in September. 
  • US Dollar Index stays below 106.00 after the PPI data.

The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in September, up from the 2% increase recorded in August, the data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in higher than the market expectation of 1.6%.  

The annual Core PPI increased 2.7% in the same period, higher than the August reading and analysts' estimate of 2.2% and 2.3%, respectively. On a monthly basis, the Core PPI rose 0.3%.

Market reaction

The US Dollar Index edged slightly higher with the immediate reaction and was last seen gaining 0.1% on the day at 105.90.

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