|This email was sent to you by:|
Tonya W. Kenon |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
ECON: Producer-level Inflation Cooler Than Expected
Posted to: Micro News
Friday, September 13, 2013 8:44 AM
- PPI Unchanged vs +0.1 forecast
- Annual Core PPI +1.1 vs +1.3 forecast
- Labor Dept says 2/3 of rise = energy costs
- Market Reaction: More interested in Retail Sales. This report is not hurting the case for bond markets, but probably not helping much.
The Producer Price Index for finished goods rose 0.3 percent in August, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today. Prices for finished goods were unchanged in
July and increased 0.8 percent in June. At the earlier stages of processing, prices received by
producers of intermediate goods were unchanged in August, and the crude goods index fell 2.7
percent. On an unadjusted basis, prices for finished goods moved up 1.4 percent for the 12
months ended in August, the smallest advance since a 0.5-percent rise in April 2013.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.