August’s wholesale price increase was roughly expected; this is the last bit of inflation data before the Federal Reserve starts to cut interest rates.
Which gauges the costs of final demand products and services that producers get, had climbed by 0.2% for the month.
The Dow Jones consensus estimate was met by that. PPI rose 0.3% when food and energy were excluded, which was somewhat higher than the consensus expectation of 0.2%.
Excluding trade services resulted in an identical core growth. Over a full year, the headline PPI increased by 1.7%. With food, energy, and trade excluded, the yearly rate was 3.3%.
Source (CNBC)
