The U.S. Department of Labor said on the 25th (local time) that the country's producer price index (PPI) for September rose 0.3% from the previous month. The increase matched the forecast compiled by Dow Jones. The U.S. PPI for September rose 2.7% from a year earlier.
The core producer price index, which excludes energy and food, rose 0.1% from the previous month, below the 0.3% forecast. It increased 2.9% from a year earlier.
Producer prices, also known as wholesale prices, are reflected in final consumer goods prices with a certain time lag. For this reason, they are considered a leading indicator of consumer prices.
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