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UPDATE: The August Producer Price Index rose 1.7 per cent from July, ahead of analysts’ expectations of a 1.2 per cent rise.PPI ex-food and energy rose 0.2 per cent month-over-month, matching analysts’ expectations.
Year-over-year, PPI rose 2.0 per cent, more than analysts’ expectations of 1.6 per cent.
PPI ex-food and energy rose 2.6 per cent year-over-year, slightly higher than analysts’ expectations of a 2.5 per cent rise.
Coming out at the same time as initial jobless claims this morning: the August Producer Price Index.
Analysts expect a 1.2 per cent month-over-month jump in PPI after a 0.3 per cent rise in July.
We’ll have the number here LIVE at 8:30 AM ET.
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