US September PPI +8.5% y/y vs +8.4% expected

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US September PPI +8.5% y/y vs +8.4% expected

<ul><li>Prior was +8.7%</li><li>PPI +0.4% m/m vs +0.2% expected</li><li>Prior m/m reading was -0.1% (revised to -0.2%)</li><li>Ex-food and energy +7.2% y/y vs +7.3% expected</li><li>Ex-food and energy +0.3% m/m vs +0.3% expected</li><li>Prior ex-food and energy m/m +0.4% (revised to +0.3%)</li></ul><p>This isn't great news for inflation and will add even more jitters ahead of tomorrow's CPI report. The US dollar is higher on the numbers with USD/JPY now up 86 pips to 146.71.</p>

                This article was written by Adam Button at forexlive.com.

Source: US September PPI +8.5% y/y vs +8.4% expected

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