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US: Producer Prices (Oct) rose 1.5% YoY

FXStreet (Edinburgh) - The Labour Department reported that Producer Prices rose 0.2% MoM during October, bettering forecasts for a 0.1% drop and September’s 0.1% contraction. Over the last twelve months, prices rose 1.5%. Ex food and energy costs, producer prices rose 0.4% MoM and 1.8% YoY, both prints surpassing previous estimates.

United States Producer Price Index ex Food & Energy (MoM) above expectations (0.1%) in October: Actual (0.4%)

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