(BLS) The US posted a 0.5% increase in producer prices, with the index up by 0.5% in September, after an increase of 0.7% in August.
The producer prices were up by 8.6% in the 12 months to September, the largest increase for the 12-month series data since November 2010.
Almost 80% of the producer price increase in September was attributed to the 1.3% uptick in the charges on final demand goods. Final demand services posted a 0.2% increase in prices.
Less food, energy, and trade services, prices for final demand gained by 0.1%, after another increase of 0.3% in August. The index was up 5.9% in the 12 months to September.
SPY is up +0.90% on premarket, DXY is down -0.14%.
