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.
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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.