by: xpoolPosted on:

US Producer Prices Slow Down in August

The U.S. Producer Price Index (PPI) saw a slowdown in August, with year-over-year growth coming in at 2.6%, lower than the anticipated 3.3% and matching the previous value of 3.30%. Moreover, the monthly PPI declined by 0.1%, falling short of expectations for an increase of 0.30% and significantly deviating from the prior month’s growth of 0.90%.

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