US: Annual PPI rises to 2.9% in September vs 2.5% expected

"The Producer Price Index for final demand rose 0.6 percent in October, seasonally adjusted," the U.S. Bureau of Labor Statistics reported on Friday.

Key takeaways from the press release

• Final demand prices advanced 0.2 percent in September and declined 0.1 percent in August.
• On an unadjusted basis, the final demand index increased 2.9 percent for the 12 months ended in October.
• The index for final demand less foods, energy, and trade services rose 0.2 percent in October after climbing 0.4 percent in September.
• For the 12 months ended in October, prices for final demand less foods, energy, and trade services advanced 2.8 percent.