Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in July, the U.S. Bureau of Labor Statistics (BLS) reported on Wednesday. This figure was lower than market expectations of 3.3%.
The United States will release its August Producer Price Index (PPI) on Wednesday. The report, compiled by the Bureau of Labor Statistics (BLS), will be released one day before the Consumer Price Index (CPI) for the same month, scheduled for Thursday.
Both indexes measure inflation, with the CPI focusing on the total value of goods and services purchased by consumers, while the PPI measures inflation at the wholesale, or producer, level. Generally, increases in the PPI are ultimately reflected in the CPI as producers pass on higher prices to consumers. If released before the CPI, it is an early indicator of higher price pressures. (alg)
Source: FXstreet
