US producer prices rise as expected in September

ISTANBUL

US producer prices were up as expected in September, with the Producer Price Index (PPI) rising 0.3% month-on-month, according to data released Tuesday by the Bureau of Labor Statistics.

The figure matched expectations for the month and followed a 0.1% decline in August.

Prices for final demand goods rose 0.9%, the largest increase since February 2024.

"Two-thirds of the broad-based rise in September can be traced to prices for final demand energy, which climbed 3.5%," the agency said in a statement.

Prices for final demand trade services were stable from the previous month, after falling 0.3% in August

"In September, price advances of 0.8% for final demand transportation and warehousing services and 0.1% for final demand services less trade, transportation, and warehousing offset a 0.2% decline in margins for final demand trade services," it noted.

Meanwhile, prices for final demand less foods, energy and trade services edged up 0.1% in September, marking the fifth consecutive increase.

Core PPI, which excludes volatile food and energy prices, ticked up 0.1% month-on-month, below forecasts of a 0.2% rise.

On an annual basis, overall producer prices rose 2.7%, matching market expectations.