This important inflationary gauge comes amid increasing speculations in anticipation of a rate cut.
Aside from food and energy, the released data shows the US core PPI increased by 0.3%.
The data from the United States Bureau of Labor Statistics, released on Thursday, show that the US PPI inflation increased 0.2% in August. This aligns with the Dow Jones consensus estimate teased before the readings came out. This important inflationary gauge comes amid increasing speculations in anticipation of a rate cut by the Federal Reserve.
The Producer Price Index measures the final demand goods and services costs that producers receive. Aside from food and energy, the released data shows the US Core PPI increased by 0.3%, which is a little higher than the 0.2% consensus estimate. Noteworthy, this core increase remained the same even when trade services were excluded.
Rate Cut Likely by Fed
Based on 12-month trends, the headline US PPI saw a 1.7% increase. Similarly, the annual rate
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