U.S. October producer prices data
SPY•U.S. final-demand producer prices rose 0.3% in October and 6.5% from a year earlier, below forecasts of 0.4% and 6.6%. Core prices rose 0.3% monthly and 5.0% year over year, matching forecasts.
1. Producer prices
The U.S. Labor Department reported that final-demand producer prices rose 0.3% in October, after a 1.4% increase in September. Prices were up 6.5% from a year earlier, compared with economists’ 6.6% forecast. Excluding food and energy, prices rose 0.3% for the month and 5.0% year over year, matching forecasts.
