US inflation data due Wednesday, PPI preview (CPI to follow on Thursday)
US September producer price index is due at 1230GMT Wednesday 10 October 2018
- The PPI fell 0.1% m-o-m in August. Excluding volatile food, energy and trade services, core PPI advanced only a modest 0.1% m-o-m.
- For September, we expect continued modest acceleration in prices for goods and services provided by domestic businesses. Although wage growth has picked up somewhat in the August employment report, producer price indices have not accelerated notably.
- After falling by 0.1% in August, the PPI could have edged back up by 0.2% in September, likely driven by a similar increase in the core measure.
- August weakness in core goods likely abated in Sept.
- looking for +0.19% m/m