- US producer inflation accelerated in September.
- Dollar Index remains below 106.00 after PPI data.
The Producer Price Index (PPI) of final demand in the United States rose 2.2% annually in September, above the 2% increase recorded in August, data published by the US Bureau of Labor Statistics revealed on Wednesday. This figure exceeded market expectations, which placed it at 1.6%.
The annual core PPI rose 2.7% in the same period, above the August reading and analysts’ estimate of 2.2% and 2.3%, respectively. On a monthly basis, the core PPI increased by 0.3%.
Market reaction
The Dollar Index registered a slight rise and stood at 105.90 points, gaining 0.1% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
