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Australian PPI increased by 0.2%

Australian PPI rose 0.2% in the September quarter 2017. Increase was mainly due to rises in the prices received for Electricity, gas and water supply (+4.9%), Heavy and civil engineering construction (+0.7%) and Building construction (+0.3%).This waspartly offset by falls in the prices received for Other agriculture (-11.6%), Electronic equipment manufacturing (-4.5%) and Meat and meat product manufacturing (-6.0%).PPI rose 1.6% through the year to the September quarter 2017.

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UK CPI up to 2.8%

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in September 2017, up from 2.7% in August 2017; it was last higher in March 2012. The main contributors to the increase in the rate were rising prices for food and recreational goods, along with transport costs, which fell by less than they did a year ago. These upward effects were partially offset by downward contributions from a range of goods and services, in particular clothing prices, which rose by less than they did a year ago. The Consumer Prices Index (CPI) 12-month rate was 3.0% in September 2017, up from 2.9% in August 2017; it was last higher in March 2012.

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China's CPI rose by 1.6%

China's consumer price index rose 1.6 percent in September from a year ago, meeting expectations, data from the National Bureau of Statistics showed on Monday. Meanwhile, the producer price index jumped 6.9 percent in September from a year ago, which topped expectations. This was spurred by a year-long drive in construction spending that includes government-led infrastructure investment. According to a Reuters poll, China's Consumer Price Index was forecast to rise 1.6 percent in September from a year ago. August CPI was 1.8 percent.

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US PPI up by 0.4%

The Producer Price Index for final demand advanced 0.4 percent in September, seasonally  adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.2 percent in August and edged down 0.1 percent in July. (See table A.) On an unadjusted basis, the  final demand index increased 2.6 percent for the 12 months ended in September, the largest rise since an advance of 2.8 percent for the 12 months ended February 2012.

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