October 12, 2022
- PPI for final demand rose 0.4% in September, estimate was 0.2%
- Advance driven by services, food and energy, core PPI up 0.3%
Food costs increased by 1.2%. Excluding food and energy, the index of goods costs was unchanged, the lowest reading since a fall in May 2020.
Meanwhile, the fate of contract discussions for 22,000 dockworkers on the West Coast remains uncertain, and a move by the OPEC+ coalition to reduce oil supply suggests volatility in oil markets in the near term.
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