Investing.com – Producer price inflation in the U.S. rose more-than-expected in September, official data showed on Thursday.
In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.4% in September, after rising by 0.4% in August.
Analysts had expected PPI to increase by 0.2% in September.
Core PPI, which excludes food and energy costs, remained unchanged in line with expectations in September, holding steady at 0.1%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 0.86% to hit 1.4082.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.13%, S&P 500 futures pointed to an increase of 0.13%, while the Nasdaq 100 futures indicated a rise of 0.17%.
In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.4% in September, after rising by 0.4% in August.
Analysts had expected PPI to increase by 0.2% in September.
Core PPI, which excludes food and energy costs, remained unchanged in line with expectations in September, holding steady at 0.1%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 0.86% to hit 1.4082.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.13%, S&P 500 futures pointed to an increase of 0.13%, while the Nasdaq 100 futures indicated a rise of 0.17%.