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11 Sep 2015
US PPI little changed in August
FXStreet (Mumbai) - The wholesale prices in the US measured by the Producer Price Index (PPI) were little changed in August even though fuel costs continued to drop in line with the weakness in crude prices.
PPI in August remained unchanged following a 0.2% rise seen in July. The markets were expecting the prices to contract 0.1%. Food prices rose 0.3%, Energy expenses dropped 3.3%, with gasoline dropping 7.7%, the biggest decline since January.
The core PPI, which excludes food and energy rose 0.3%, beating the forecast of a 0.1% rise. The consumer price index is due on Sept. 16. Economists surveyed by Bloomberg predict it may have declined in August.
PPI in August remained unchanged following a 0.2% rise seen in July. The markets were expecting the prices to contract 0.1%. Food prices rose 0.3%, Energy expenses dropped 3.3%, with gasoline dropping 7.7%, the biggest decline since January.
The core PPI, which excludes food and energy rose 0.3%, beating the forecast of a 0.1% rise. The consumer price index is due on Sept. 16. Economists surveyed by Bloomberg predict it may have declined in August.