US August PPI rises 5.4%, exceeding expectations

The US Producer Price Index (PPI) for August increased by 5.4% year-on-year, surpassing the expected 5.3%. The previous figure was revised from 4.70% to 4.8%. On a monthly basis, the PPI rose by 0.4%, matching expectations, with the previous month's figure revised from 0.00% to 0.1%.