PPI Headline Hotter Than Expected, Core Cooler

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Economic Update: Producer Price Index

The Labor Department reported the Producer Price Index (an indication of inflation at the wholesale level) for September rose by +1.1%, which was above the consensus estimate for an increase of +0.8%.

Prior month’s readings for comparison purposes:

• August: +1.7%
  
• July: +0.3%
  
• June: +0.1%
  
• April: -0.2%
  
• March: +0.0%
  
• February: +0.4%
  
• January: +0.1%
  
• December: -0.1%
  
• November: +0.3
  
• October: -0.3%
  
• September: +0.8%

When you strip out food and energy, the so-called Core PPI came in unchanged, which was below the consensus for +0.2% and below last month’s +0.2% .

Other stories on the US Economy to review:

• NFIB: Small Business Optimism Holds Steady
  
• Jobs Report Shows Unemployment Rate Dives to 7.8% in September
  
• Factory Orders Pull Back As Expected in August
  
• Challenger: Planned Job Cuts Remain Near 21-month Low
  
• ISM Non-Manufacturing Index Improves in September, But...
  
• ADP Report Shows Job Market Improved Modestly in September
  
• ISM Manufacturing Returns to Expansion Mode in September
  
• University of Michigan Consumer Sentiment Improves in September
  
• Chicago PMI Dives Below 50 in September
  
• Personal Income and Spending a Mixed Bag in August
  
• Pending Home Sales Point To a Potential Problem
  
• GDP Growth Rate Revised Down Significantly in Q2
  
• Durable Goods Orders Plunged in August
  
• New Home Sales Steady in August
  
• Richmond Fed Index Surprises to the Upside
  
• Consumer Confidence Surges Higher in September
  
• Case-Shiller Home Price Index Improves for 3rd Straight Month
  
• Philly Fed Index Improves in Sept, But Weakness Persists
  
• LEI Dips in August
  
• Exsiting Home Sales Improve in August
  
• Housing Starts Up in August, Permits Lower
  
• Homebuilder Confidence Up Again in Sept
  
• Industrial Production, Capacity Utilization Decline in August
  
• Retail Sales Improve In August
  
• CPI - Inflation In Line With Consensus
  
• U.S. Productivity Improves, Labor Costs Steady

 

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