The Economic Information Agency reported on the 16th that inflationary pressures in the United States have intensified once again. The U.S. Producer Price Index (PPI) for final demand rose 1.3% month-on-month in September, significantly higher than the market expectation of 0.5% to 0.6%, and accelerating from August's 0.4%, marking the largest monthly increase since March 2022; the year-on-year increase widened to 6.3%, surpassing the market expectation of approximately 5.3% to 5.4%.
Excluding food and energy, the core PPI rose 0.7% month-on-month, higher than the expected 0.3%; the year-on-year increase reached 5%, also exceeding the expected 4.4%. The PPI excluding food, energy, and trade services rose 0.5% month-on-month and 5% year-on-year.
On the other hand, U.S. retail sales in September increased 0.8% month-on-month, higher than the market expectation of 0.3%, indicating that consumer demand remains resilient. The August increase was revised upward from the initially reported 1.2% to 1.3%. (yc)
Excluding food and energy, the core PPI rose 0.7% month-on-month, higher than the expected 0.3%; the year-on-year increase reached 5%, also exceeding the expected 4.4%. The PPI excluding food, energy, and trade services rose 0.5% month-on-month and 5% year-on-year.
On the other hand, U.S. retail sales in September increased 0.8% month-on-month, higher than the market expectation of 0.3%, indicating that consumer demand remains resilient. The August increase was revised upward from the initially reported 1.2% to 1.3%. (yc)
