US PPI at 0.3% mom, -0.2% yoy in Aug, PPI core at 0.4% mom, 0.6% yoy

US PPI rose 0.3% mom in August, above expectation of 0.2% mom. PPI core rose 0.4% mom, above expectation of 0.2% mom. Annually, PPI picked up to -0.2% yoy, up from -0.4% yoy, above expectation of -0.7% yoy. PPI core rose to 0.6% yoy, up from 0.3% yoy, beat expectation of 0.3% yoy.

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