August PPI Hits 5.4% as Diesel Jumps 24%, and the Soft Core Print Came Out of Distributor Margins
August producer prices rose 0.4% on the month, in line with consensus, and 5.4% on the year against 5.3% expected. Core PPI matched at 4.6% y/y but rose only 0.2% m/m, a tenth under the 0.3% estimate. Initial jobless claims printed 206K against 205K. Read line by line, that's a…