- Analytics
- News and Tools
- Market News
- US: Annual PPI declines to 8% in October vs. 8.3% expected
US: Annual PPI declines to 8% in October vs. 8.3% expected
- Producer inflation in the US rose at a softer pace than expected in October.
- US Dollar Index stays deep in negative territory below 106.00.
The Producer Price Index (PPI) for final demand in the US declined to 8% on a yearly basis in October from 8.4% in September, the data published by the US Bureau of Labor Statistics revealed on Tuesday. This print came in lower than the market expectation of 8.3%.
The annual Core PPI edged lower to 6.7% from 7.2% in the same period, compared to analysts' estimate of 7.2%. On a monthly basis, the Core PPI was unchanged.
Market reaction
The US Dollar remains under heavy selling pressure after the PPI data and it was last seen losing 1% on the day at 105.85.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
