The United States reported August producer price data showing headline PPI up 5.4% year over year, slightly above the 5.3% market forecast. The prior annual reading was revised from 4.70% to 4.8%. On a monthly basis, August PPI came in at 0.4%, matching the 0.40% expectation, while the previous monthly figure was revised from 0.00% to 0.1%. The data point was cited by Jin10 and carried by Odaily. This is a short market update focused on the released figures and their revisions, with no additional details provided in the source beyond the reported annual rate, monthly rate, consensus expectations, and prior-value adjustments.
Odaily reported that US producer price index data for August showed headline PPI rising 5.4% year over year, compared with a 5.3% forecast. The prior reading was revised from 4.70% to 4.8%.
On a monthly basis, August PPI came in at 0.4%, in line with the 0.40% expectation. The previous monthly figure was revised from 0.00% to 0.1%. The figures were cited from Jin10.
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