US PPI and Core PPI Exceed Forecasts
Updated
Summary
US PPI year over year was 6.3%, above the 5.4% forecast and previous reading. Core PPI year over year was 5%, versus a 4.4% forecast and 4.6% previous reading.
Month over month, US PPI was 1.3%, above the 0.6% forecast and 0.4% previous reading; Core PPI was 0.7%, versus a 0.3% forecast and 0.2% previous reading.