US Producer Price Growth Slows, But Clarity Not Forthcoming

US producer prices rose less than expected in September, data out Thursday showed. The 0.5% monthly rise was a shade cooler than the 0.6% increase economists anticipated. The range, from more than four-dozen forecasters, was 0.3% to 0.9%. YoY, the final demand index jumped 8.6% (figure below), another "largest advance since 12-month data were first calculated" moment. Still, it was below the expected 8.7%. The data came a day after the government said the rate of core consumer price growth