US pro­ducer prices are on the in­crease

Yorkshire Post - Business - - BUSINESS / NEWS -


US pro­ducer prices in­creased 0.2 per cent in Septem­ber, in line with ex­pec­ta­tions, while a re­vi­sion to whole­sale in­ven­tory es­ti­mates for Au­gust showed the big­gest jump in nearly five years, beat­ing fore­casts.

A rise in ser­vices prices off­set a slight drop in prices for goods, in­clud­ing a 3.5 per cent drop in gaso­line prices. Fi­nal de­mand prices had fallen 0.1 per cent in Au­gust. In the 12 months through Septem­ber, the pro­ducer price in­dex rose 2.6 per cent, slightly less than ex­pected. It was the first monthly rise in the pro­ducer price in­dex since June.

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