US producer prices rise 0.2pc in October
By Iain Gilbert
Date: Thursday 14 Nov 2024
(Sharecast News) - US producer prices increased in October, according to the Bureau of Labor Statistics.
Producer prices rose by 0.2% month-on-month to 145.62 points in October, advancing from an upwardly revised reading of 145.33 for September and bang in line with preliminary estimates.
On an annualised basis, PPI was up 2.4%. Excluding volatile foods, energy, and trade services, so-called core PPI prices increased 3.1% year-on-year.
Much of October's increase was driven by a 0.3% increase in final demand services prices.
Reporting by Iain Gilbert at Sharecast.com
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN