PiCK
US October PPI Rises 0.3% From Previous Month, Below Forecast
Uk Jin
Summary
- The US producer price index (PPI) for October rose 0.3% from the previous month, coming in slightly below market expectations.
- October PPI was 0.1 percentage point below economists' 0.4% forecast, the report said.
- Compared with the revised 1.4% reading for September, October PPI posted an increase that was 1.1 percentage points lower, it said.
Forecast Trend Report by Period
US producer prices rose slightly less than expected in October.
The Labor Department said on November 13 that the producer price index rose 0.3% from the previous month. That was 0.1 percentage point below economists' forecast of 0.4%.
Compared with the revised 1.4% increase in September, the October reading was 1.1 percentage points lower.
Core PPI, which excludes volatile food and energy prices, rose 0.3% from the previous month, matching market expectations.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.