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US producer price index rebounds in September

U.S. producer prices rose 0.2% month over month in September, in line with the Econoday consensus estimate, following a 0.1% decline in August, according to the Bureau of Labor Statistics.

Prices for final demand services gained 0.3%, recovering from a 0.1% decrease in August.

Prices for final demand goods were down 0.1%, the first decline since May 2017. The fall was driven by weaker prices for final demand energy.

On an unadjusted basis, the final demand index rose 2.6% for the 12 months that ended in September.