August Producer Price Index

• September 13, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance, World News

August Producer Price Index MOM 0.2% vs. estimates of 0.3% with Core PPI MOM 0.1% vs. estimates of 0.2%.  The PPI YOY 2.4% vs. estimates of 2.5% with Core PPI YOY 2.0% vs. estimates of 2.1%.

This is a smidge lighter than expectations, but Core YOY did move up from July’s reading of 1.8% to August’s reading of 2.0%, so inflation is moving higher even though it was a tick lower than estimates. A mixed bag here, so far MBS having no reaction.