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The US producer prices index data will be released by the Department of Commerce ahead of tomorrow’s consumer price index data.
Economists are forecasting that the producer prices index will rise at a slower pace of 0.1% on the month. In July, headline PPI rose 0.2% on the month.
This is expected to keep the headline PPI unchanged at 1.7% on the year. This marks the same level of increase as the month before.
Excluding the volatile food and energy prices, the core PPI is forecast to rise 0.2%, reversing the decline of 0.1% in July.
On a year over year basis, expectations are for the core PPI rate to nudge higher to 2.2% from 2.1% previously.
The producer prices index data is likely to be overshadowed with the inflation and retail sales numbers lined up over the remainder of the week.
The decline in the PPI for final demand was the first since October 2015. This was the underlying producer price index data. However, the headline PPI inched higher w...
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