Department reported on Tuesday the U.S. producer-price index (PPI) fell 0.3
percent m-o-m in September, following a gain of 0.1 percent m-o-m August. That was
the largest decline in producer prices since January.
For the 12 months through September, the PPI rose 1.4 percent after a 1.8 percent advance in the previous month. That marked the smallest gain in PPI since November 2016.
Economists had forecast the headline PPI would increase 0.1 percent m-o-m and 1.8 percent over the past 12 months.
According to the report, the September decline in final demand prices reflected a 0.2 percent m-o-m decrease in prices for final demand services and a 0.4 percent m-o-m drop in prices for final demand goods.
Excluding volatile prices for food and energy, the PPI dropped 0.3 percent m-o-m and rose 2.0 percent over 12 months. Economists had forecast gains of 0.2 percent m-o-m and 2.3 percent y-o-y, respectively.
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