Details of August 2017, US PPI data report 13 September 20, 2017The US PPI for the month increased by 0.2% vs. 0.3% of the estimate. Other details show:
- Ex of food and energy up 0.1% MoM vs 0.2% hne
- Exp in food and energy and trade of + 0.2%, vs 0.1% hne
- Year-on-year final demand stood at 2.4% vs. 2.5%
- Year-on-year food and energy ex-rated 2.0% vs. 2.1%
- The ex of food, energy and trade showed a gain of 1.9%, unchanged since the last month of 1.9% of reading.
- Energy prices have had the biggest increase in energy costs since January. They increased by 3.3% compared to the previous month.
- Cost of food fell -1.3%
Slightly lighter than the expectations of although energy showed the strongest rise since January. Gasoline prices rose 9.5% and fuel prices increased the most since 2009. A Labor Bureau said Hurricane Harvey should not affect the numbers. Hmmmm.
Before the impacts of hurricanes tend to increase inflationary measures.
The market is taken in the wake with few changes in the main currency pairs.