US Producer price inflation continues elevated. Annual PPI remained at a record 8.6%, unchanged from September. Over 60% of the increase in the index for final demand was due to a 1.2% increase in prices for final demand goods, which included a 4.8% jump in prices for final demand energy.
US Producer price inflation continues elevated. Annual PPI remained at a record 8.6%, unchanged from September. Over 60% of the increase in the index for final demand was due to a 1.2% increase in prices for final demand goods, which included a 4.8% jump in prices for final demand energy.
Highlights
US PPI October 2021
- US PPI Final Demand (Y/Y) Oct: 8.6% (est 8.7%; prev 8.6%)
- US PPI Final Demand (M/M) Oct: 0.6% (est 0.6%; prev 0.5%)
- Over 60% of the increase is due to a 1.2% surge in prices for goods, namely gasoline (6.7%)
- Prices of food edged down 0.1%.
- Cost of services moved up 0.2%, mainly due to margins for automobiles and automobile parts retailing (8.9%).
- In contrast, prices for securities brokerage, dealing, investment advice, and related services fell 6.6%.
US Core PPI October 2021
- US PPI Ex Food, Energy (Y/Y) Oct: 6.8% (est 6.8%; prev 5.6%)
- US PPI Ex Food, Energy (M/M) Oct: 0.4% (est 0.5%; prev 0.2%)
From the Traders Community News Desk