Oct 12, 2022
VOT Research Desk
Market Insights & Analysis
Synopsis
The September Producer Price Index (PPI) provides the most recent proof that inflationary pressures are easing but that there is still a long way to go before inflation reaches a level that is more tolerable, and that the road ahead will be bumpy. After consecutive dips in July and August, the PPI for final demand increased by 0.4% in September. The core PPI, which is our preferred metric and excludes items like food, energy, and trade services, increased by 0.4% as well, marking the biggest monthly increase since May.
The surprising strength in September can be attributed to a 0.6% rise in core services. The likelihood of goods sector disinflation, however, is still present. For the third consecutive month, transportation and warehousing expenses decreased, trade services margins remained stable, and intermediate costs continued their downward trend.
For complete detailed report, follow the given link
https://externalcontent.blob.core.windows.net/pdfs/pdfs/ade346cd-e5ae-41fe-904d-685c7fd97810.pdf
