FOREX TradingCharts.com

Financial News: U.S. Producer Prices Rise 0.4% In September, In

U.S. Producer Prices Rise 0.4% In September, In Line With Estimates

10/12/2017 - 09:16:00 (RTTNews)

(RTTNews) - Partly reflecting another jump in energy prices, the Labor Department released a report on Thursday showing that U.S. producer prices increased in line with economist estimates in the month of September.

The Labor Department said its producer price index for final demand climbed by 0.4 percent in September after edging up by 0.2 percent in August.

The increase in producer prices was partly due to another jump in energy prices, which spiked by 3.4 percent in September after surging up by 3.3 percent in August.

Higher energy prices were likely the result of reduced refining capacity in the Gulf Coast area due to Hurricane Harvey, the Labor Department said.

Excluding food and energy prices, core producer prices still rose by 0.4 percent in September after inching up by 0.1 percent in August. Core prices had been expected to rise by 0.2 percent.

An increase in prices for services contributed to the core price growth, with the index for final demand services climbing by 0.4 percent in September after ticking up by 0.1 percent in August.

Prices for final demand trade services showed a notable increase, jumping by 0.8 percent in September after coming in unchanged in the previous month.

The report also said the annual rate of producer price growth accelerated to 2.6 percent in September from 2.4 percent in August.

The year-over-year growth in core consumer prices also accelerated to 2.2 percent in September from 2.0 percent in the previous month.

On Friday, the Labor Department is scheduled to release a separate report on consumer prices in the month of September.

Consumer prices are expected to climb by 0.6 percent in September after rising by 0.4 percent in August. Core consumer prices are expected to edge up by 0.2 percent for the second straight month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Housing Starts Slump Much More Than Expected In September (06 min(s), 07 sec(s) ago)
(RTTNews) - After reporting an unexpected drop in new residential construction in the U.S. in the ...Full Story»

Poland's Industrial Output Rises; PPI Inflation Accelerates (20 min(s), 07 sec(s) ago)
(RTTNews) - Poland's industrial production expanded in September and producer prices climbed a ...Full Story»

UK Jobless Rate Steady At 42-Year Low, Wage Squeeze Continues (33 min(s), 07 sec(s) ago)
(RTTNews) - The UK unemployment rate held steady at the lowest level since 1975 and the wage squee ...Full Story»

ECB's Hansson Says It's Time To Think Of Making Policy Less Accomodative (01 hr(s), 02 min(s), 07 sec(s) ago)
(RTTNews) - Eurozone's strengthening economy suggest that it may be time to think of modest ti ...Full Story»

South Africa Retail Sales Growth Exceeds Forecast (01 hr(s), 25 min(s), 07 sec(s) ago)
(RTTNews) - South Africa's retail sales growth accelerated at a faster-than-expected pace in A ...Full Story»

Bulgaria Current Account Surplus Grows In August (01 hr(s), 50 min(s), 07 sec(s) ago)
(RTTNews) - Bulgaria's current account surplus increased in August from a year ago, figures fr ...Full Story»

Eurozone Construction Output Contracts In August (02 hr(s), 34 min(s), 07 sec(s) ago)
(RTTNews) - Eurozone construction output declined for the first time in five months in August, fig ...Full Story»

ECB Chief Says Accommodative Monetary Policy Gives Opportunity For Reforms (02 hr(s), 44 min(s), 07 sec(s) ago)
(RTTNews) - Accommodative monetary policy opens window of opportunity to take structural reforms, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Housing Starts Slump Much More Than Expected In September

10/18/2017 - 08:38 AM (RTTNews)
(RTTNews) - After reporting an unexpected drop in new residential construction in the U.S. in the ...Full Story>>

Poland's Industrial Output Rises; PPI Inflation Accelerates

10/18/2017 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production expanded in September and producer prices climbed a ...Full Story>>

UK Jobless Rate Steady At 42-Year Low, Wage Squeeze Continues

10/18/2017 - 08:11 AM (RTTNews)
(RTTNews) - The UK unemployment rate held steady at the lowest level since 1975 and the wage squee ...Full Story>>

ECB's Hansson Says It's Time To Think Of Making Policy Less Accomodative

10/18/2017 - 07:42 AM (RTTNews)
(RTTNews) - Eurozone's strengthening economy suggest that it may be time to think of modest ti ...Full Story>>

South Africa Retail Sales Growth Exceeds Forecast

10/18/2017 - 07:19 AM (RTTNews)
(RTTNews) - South Africa's retail sales growth accelerated at a faster-than-expected pace in A ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.