US PPI for final demand rose 0.7% mom in August, above expectation of 0.6% mom. For the 12 months ended in August, PPI rose 8.3% yoy, accelerated from 7.8%, matched expectations. That’s the largest advance since 12-month data were first calculated in 2010.
PPI for final demand less foods, energy, and trade services rose 0.3% mom. For the 12 months, PPI rose 6.3% yoy, also the largest advance since the data was first calculated in 2014.
