Updated: 14-Oct-20 09:11 ET
| September PPI |
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| Updated: 14-Oct-20 09:11 ET |
Highlights
- The Producer Price Index for final demand increased 0.4% m/m (Briefing.com consensus +0.1%) while the index for final demand, less food and energy, also increased 0.4% (Briefing.com consensus +0.3%).
Key Factors
- The index for final demand services increased 0.4% m/m.
- The index for final demand goods increased 0.4% m/m.
- The index for processed goods for intermediate demand increased 1.0% m/m.
- The index for unprocessed goods for intermediate demand jumped 3.9% m/m, with roughly 60% of that increase attributable to a 5.6% increase in prices for unprocessed foodstuffs and feedstuffs.
Big Picture
- The key takeaway from the report is that the monthly surprises were tempered by the absence of any nettlesome inflation pressure on a year-over-year basis. The index for final demand was up just 0.4% yr/yr while the index for final demand, less food and energy, was up 1.2%.
| Category | SEP | AUG | JUL | JUN | MAY |
| Final Demand | 0.4% | 0.3% | 0.6% | -0.2% | 0.4% |
| Core (excluding ...) | |||||
| Food and Energy | 0.4% | 0.4% | 0.5% | -0.3% | -0.1% |
| Food, Energy, and Trade | 0.4% | 0.3% | 0.3% | 0.3% | 0.1% |
| Final Demand Goods | |||||
| Total | 0.4% | 0.1% | 0.8% | 0.2% | 1.6% |
| Energy | -0.3% | -0.1% | 5.3% | 7.7% | 4.5% |
| Finished Goods | 0.2% | 0.0% | 0.7% | 0.0% | 2.3% |
| Final Demand Services | |||||
| Total | 0.4% | 0.5% | 0.5% | -0.3% | -0.2% |
| Trade | 0.2% | 1.2% | 0.8% | -1.8% | -0.8% |
| Intermediate Demand | |||||
| Processed | 1.0% | 0.6% | 1.5% | 0.9% | 0.1% |
| Unprocessed | 3.9% | 7.0% | -0.7% | 3.1% | 8.9% |
| Services | 1.0% | 0.7% | 0.7% | 0.2% | -0.4% |