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.
Softer-Than-Expected Core PPI
The miss leaves the core PPI reading 0.1 percentage points below expectations, adding to evidence of easing cost momentum at the producer level.
Implications for Inflation Outlook
Markets will weigh the August print against upcoming inflation data when assessing the near-term path of US price growth.
