zerohedge.com / by Tyler Durden / Oct 14, 2016 8:50 AM
Following the unexpectedly hot Chinese inflation data, where PPI posted its first annual increase since March 2012, moments ago the BLS reported that like in China, US wholesale prices also rose more than the 0.2% expected, up 0.3% in September, following an unchanged print the prior month. Over 75% of the jump was driven to an increase in goods prices. On an annual basis, the final demand index increased 0.7% in September from a year ago, the largest 12-month rise since advancing 0.9% in December 2014.
The index for final demand less foods, energy, and trade services moved up 0.3% in September, the same as in August. For the 12 months ended in September, prices for final demand less foods, energy, and trade services rose 1.5 percent, the largest increase since climbing 1.5 percent for the 12 months ended November 2014.
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