US: Annual core PPI rises to 1.2% in September vs. 0.9% expected

• Annual Core PPI in the US rose more than expected in September.
• US Dollar Index posts modest daily losses near 93.30 after the data. 

The Producer Price Index (PPI) in the US for final demand ticked higher to 0.4% on a monthly basis in September from 0.3% in August, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the PPI rose to 0.4% from -0.2% and came in higher than the market expectation of 0.2%.

Further details of the publication revealed that the Core PPI, which excludes volatile food and energy prices, climbed from 0.6% to 1.2% on a yearly basis and surpassed analysts' estimate of 0.9%.

Market reaction

The US Dollar Index edged lower after this data and was last seen losing 0.25% on a daily basis at 93.31.