U.S. September PPI is projected to rise by 0.6%, diesel prices are forecast to surge more than 70% year-on-year, and inflationary pass-through pressures have not yet abated.

The U.S. September Producer Price Index (PPI) will be released at 20:30 Beijing time on October 15. U.S. diesel prices rose 24% month-on-month and 77% year-on-year in August, according to data from the American Automobile Association (AAA). Retail diesel prices hit a record high of $6.528 per gallon on September 22, and stood at $6.30 as of Wednesday, up more than 70% from the same period last year. Oxford Economics forecasts U.S. September PPI will rise 0.6% month-on-month, exceeding the market

@tonmelonfest