Ekonomické zprávy
09.11.2021

U.S. PPI increases in line with expectations in October

The Labor Department reported on Tuesday the U.S. producer-price index (PPI) rose 0.6 percent m-o-m in October, following an unrevised 0.5 percent m-o-m increase in September.

For the 12 months through October, the PPI jumped 8.6 percent, the same pace as in the previous month.

Economists had forecast the headline PPI would rise 0.6 percent m-o-m last month and 8.7 percent over the past 12 months.

According to the report, over 60 percent of the October gain in the index for final demand can be traced to a 1.2-percent m-o-m rise in prices for final demand goods. In addition, the index for final demand services went up 0.2 percent m-o-m, and prices for final demand construction surged 6.6 percent m-o-m.

Excluding volatile prices for food and energy, the PPI advanced 0.4 percent m-o-m and soared 6.8 percent over 12 months (the largest increase on record). Economists had forecast gains of 0.5 percent m-o-m and 6.8 percent y-o-y.

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