US: PPI rose 0.3% MoM in August

FXstreet.com (Edinburgh) - The Labour Department reported that Producer Prices rose 0.3% inter-month during August, bettering expectations at 0.2%. Over the last twelve months, prices rose 1.4% vs. the median at 1.3%. Stripping food and energy costs, prices rose at an annual pace of 1.1% while came in flat on a monthly basis.