USA Core PPI (YoY) For September 2.7% Vs 2.3% Est; 2.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core Producer Price Index (PPI) for September was reported at 2.7%, higher than the estimated 2.3% and the prior value of 2.2%.
October 11, 2023 | 12:30 pm
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NEGATIVE IMPACT
The higher than expected PPI may lead to inflation concerns, potentially impacting the overall market and ETFs like SPY.
The Producer Price Index (PPI) is a measure of inflation from the perspective of producers. A higher than expected PPI indicates increased costs for producers, which can lead to higher prices for consumers, thus fueling inflation. This can negatively impact the overall market and ETFs like SPY, which track the market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75