US: Annual PPI remained at 8.6% in October vs. 8.7% expected

Headline US PPI came in at 8.6% YoY in October.
The US Dollar Index hardly saw any reaction and continues to trade close to 94.00.

Joel Frank Independent Analyst

The YoY rate of Producer Price Inflation came in at 8.6% in October, unchanged from the month prior and slightly below expectations for 8.7%, according to a report by the US Bureau of Labour Statistics.

But the MoM rate of PPI rose to 0.6% in October, versus expectations for 0.5% and higher than September's 0.5% reading. Elsewhere, the YoY rate of Core PPI was stable at 6.8%, while the MoM pace of Core PPI in October came in at 0.4%, below expectations for 0.5%.

Market Reaction

The US Dollar Index (DXY) hardly saw any reaction to the data and has continued to trade close to 94.00.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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