BofA says diesel PPI costs rose nearly 80% YoY in August
Bank of America said diesel costs within the Producer Price Index were up nearly 80% year over year in August, pinching U.S. small business owners.
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US PPI YoY rises to 5.4%
US PPI YoY came in at 5.4% versus a 5.3% forecast and 4.7% prior, with the prior revised to 4.8%. The alert also says the rally in oil prices coincided with stocks and bonds lower.
US wholesale inflation rises 0.4% in August; PPI 5.4% YoY
The producer price index for total final demand rose 0.4% in August, matching economists’ expectations. The index also showed 5.4% year-over-year growth, the Bureau of Labor Statistics reported.
Oil price surge lifts inflation expectations, sending equities and bonds lower
US PPI YoY rose to 5.4% (forecast 5.3%, prior 4.7%, revision 4.8%) at 8:30 ET. Iran ordered a temporary suspension of a 10% freight charge on foreign vessels carrying energy products to or from Iran at 06:56 ET, after oil prices surged.
US PPI YoY prints 5.4% vs 5.3% forecast
US PPI YoY actual was 5.4%, compared with a 5.3% forecast and 4.7% in the prior reading.
US core PPI stays at 4.6% YoY
US core PPI year-on-year came in at 4.6%, matching the 4.6% forecast and up from 4.2% previously.
US Core PPI YoY
US Core PPI YoY
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US PPI year-over-year falls to 4.7%
US PPI year-over-year prints at 4.7%, below the 4.9% forecast and down from the prior 5.5%, with no additional details provided.
US Core PPI YoY
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US Core PPI YoY Actual 4.7% (Forecast 5.1%, Previous 4.9%)
US Core PPI YoY Actual 4.7% (Forecast 5.1%, Previous 4.9%)
US Core PPI YoY
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