PPI Stays Hot at +0.7%, Pre-Market Indexes Rebound - NewsBreak
By Merima in Business
Updated 3 years ago
We end this Labor Day-shortened trading week, which has been relatively light on earnings announcements and economic reads, with a fairly big print: the Producer Price Index (PPI) for August. The headline number rose 10 basis points higher than expected to +0.7%, down a bit from the +1.0% reported for July. Our record high in this series was back in January this year, +1.2%.
