๐บ๐ธ U.S. PPI Inflation Hits 5.4%
U.S. producer prices rose 5.4% year-over-year in August, accelerating from 4.7% in July and coming slightly above the 5.3% forecast. Monthly PPI increased 0.4%, in line with expectations.
The jump was driven largely by higher energy costs, with energy prices rising 4.2%. Core PPI, excluding food and energy, increased 4.6% YoY.
Market impact: The hotter inflation data could make the Federal Reserve more cautious on rate cuts and may keep pressure on risk assets, including stocks and crypto.
#USAugustPPIYoYRisesTo5.4%
U.S. producer prices rose 5.4% year-over-year in August, accelerating from 4.7% in July and coming slightly above the 5.3% forecast. Monthly PPI increased 0.4%, in line with expectations.
The jump was driven largely by higher energy costs, with energy prices rising 4.2%. Core PPI, excluding food and energy, increased 4.6% YoY.
Market impact: The hotter inflation data could make the Federal Reserve more cautious on rate cuts and may keep pressure on risk assets, including stocks and crypto.
#USAugustPPIYoYRisesTo5.4%
