US Producer Prices increase

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Source: Dukascopy Bank SA


It was reported yesterday: "The US Dollar strengthened on Wednesday due to the US Consumer Price Index increasing from 2.4% up to 2.6% on an annual basis. This dataset indicates that the US Federal Reserve might have cut interest rates by too much and too early in September."

On Thursday, the publication of the US Producer Price Index showed that inflation is raising also at the producer level. The US Dollar reacted to the news by resuming the prior surge that was observed to have overextended itself.

In regard to data, wholesale prices have increased by 0.2% on a month-on-month basis and core prices have grown by 0.3%. Last month, the inflation numbers were 0.1% and 0.2%. In general, it is seen that a producer price increase results in a consumer price increase, as the price hikes eventually are passed onto the end buyer.
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