USA Core PPI (MoM) For August 0.2% Vs 0.2% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core Producer Price Index (PPI) for August has increased by 0.7%, which is significantly higher than the estimated 0.2% and the prior value of 0.3%.

September 14, 2023 | 12:32 pm
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The higher than expected PPI may lead to inflation concerns, potentially impacting the overall market and ETFs like SPY.
The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. A higher than expected PPI indicates increased inflation, which can lead to higher interest rates. This can negatively impact the overall stock market and ETFs like SPY, as higher interest rates can make borrowing more expensive for companies, potentially slowing economic growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75