US Producer Prices Surge in September, Marking Fastest Pace in Over Four Years
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
| GBPUSD | — | — |
- US PPI monthly 1.3% surge beats 0.5% forecast.
- Annual US PPI hits 6.3%, largest monthly jump since March 2022.
- August US PPI revised up to 0.5%; energy costs drive surge.
The US Producer Price Index (PPI) for final demand saw a substantial increase in September, rising by 1.3% month-over-month. This figure significantly outpaced economists’ expectations of a 0.5% rise and marks the fastest pace of increase in more than four years. On an annual basis, the PPI climbed to 6.3%, exceeding the 5.3% forecast. The surge was primarily attributed to higher energy costs reverberating through the economy, following closely on the heels of recent reports indicating elevated consumer price inflation. Core PPI, excluding volatile food and energy components, also rose more than anticipated.
The U.S. producer price index for final demand jumped 1.3% in September, a rise significantly more than economists’ expectations of a 0.5% increase. This monthly advance marks the largest increase since March 2022. On an annual basis, producer prices rose 6.3% from a year earlier. The Labor Department also revised August’s increase upward to 0.5% from an originally reported 0.4%.