US August PPI rises 5.4% YoY, above forecast; core PPI steady at 4.6% YoY. Initial jobless claims 206K, near expectations.

Headline PPI YoY came in at 5.4% vs 5.3% expected, the highest since June 2026. MoM PPI was 0.4% as expected. Core PPI YoY matched forecasts at 4.6%, but core MoM was 0.2% vs 0.3% expected, a slight miss. July PPI figures were revised higher. Initial jobless claims were 206K (forecast 205K), continuing claims 1.774M (forecast 1.78M). The data adds to inflation persistence concerns and may increase odds of further Fed rate hikes.