US producer inflation decreased monthly in October

US producer inflation decreased monthly in October

The producer price index (PPI) in the US decreased by 0.5 percent month-on-month in October. In annual terms, it was below expectations, with an increase of 1.3 percent.

Thus, there was the largest monthly drop in producer prices since April 2020.

Core producer prices in the US, which do not reflect food and energy prices, remained below expectations and were unchanged in October. The core PPI, which was announced at 0.3 percent in September, was revised to 0.2 percent.

Expectations were that there would be an increase of 1.9 percent annually and 0.1 percent monthly. The expectation for the core PPI was 2.8 percent annually.

The PPI exceeded expectations with an increase of 0.2 percent monthly and 2.2 percent annually in September.


October consumer inflation (CPI) in the United States was also below expectations.

In October, monthly inflation was 0 percent and annual inflation was 3.2 percent. The increase in the core CPI in the US was 0.2 percent monthly and 4 percent annually in October.

In the US, the CPI was expected to rise 0.1 percent monthly and 3.3 percent annually in October. The core CPI was expected to be 0.3 percent monthly and 4.1 percent annually.

Source: Sozcu


Please enter your comment!
Please enter your name here


Hot Topics

Related Articles