September's Producer Price Index (PPI) in the US remained flat month-over-month, surprising analysts who expected a 0.1% increase. Core PPI, excluding volatile components, met expectations at 0.2% MoM.

Year-over-year figures paint a different picture. Overall PPI rose 1.8%, surpassing the projected 1.6%. Core PPI climbed 2.8% annually, exceeding the anticipated 2.6%.

These mixed signals suggest underlying inflationary pressures persist despite top-line stability.

(25bps)