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So much for the mainstream media narrative about the Trump economy. Wholesale prices rose less than expected in September.
The producer price index increased a seasonally adjusted 0.3% on the month, in line with the Dow Jones consensus estimate.
However, excluding food and energy, the index rose just 0.1%, below the 0.2% estimate. Both core and headline PPI had decreased 0.1% in August. Headline PPI was up 2.9% from a year ago, while core rose 2.6%.
The September PPI release was delayed due to the government shutdown. The BLS may not release October PPI data, as it already has canceled the October consumer price index report. November’s CPI is due out Dec. 18. The PPI release is usually timed around the CPI.
Retail sales, which are adjusted for seasonality but not inflation, increased 4.3% from a year ago, ahead of the 3% CPI rate for the month.