The US producer price index excluding food and energy rose 0.2% month on month in August, undershooting the 0.3% consensus forecast. The release indicates softer-than-expected pipeline price pressures in the core measure for the month.<\/p>\n
The miss leaves the core PPI reading 0.1 percentage points below expectations, adding to evidence of easing cost momentum at the producer level.<\/p>\n
Markets will weigh the August print against upcoming inflation data when assessing the near-term path of US price growth.<\/p>\n\n\n\n