US producer prices rise to 5-yr high in September

US producer prices rise to 5-yr high in September
The PPI measures changes in the prices that US companies receive for their goods and services

Mubasher: The US Labor Department on Thursday announced that the producer-price index (PPI) for final demand increased a seasonally adjusted 0.4% in September from a month earlier.

Overall prices advanced 2.6% during 12 months ending in September, the largest rise since an advance of 2.8% for the year ended February 2012, according to the US Census Bureau.

The PPI measures changes in the prices that US companies receive for their goods and services.

Producer prices were up 0.2% month-on-month when excluding food, energy and an erratic measure of wholesaler and retailer margins known as trade services.

 The Labor Department is expected to release data on the September consumer price index (CPI) on Friday.

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Source: Mubasher

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