US producer prices cool by more than forecast in October on heels of CPI ...Qatar

US producer price growth stepped down in October by more than expected in the latest sign that inflationary pressures are beginning to ease. The producer price index for final demand advanced 8% from a year ago, the smallest annual gain in more than a year, and 0.2% from month earlier, Labor Department data showed yesterday. The median estimates in a Bloomberg survey of economists called for a 8.3% annual increase and a 0.4% rise from the prior month. US stock futures and Treasuries rallied after the report, while the Bloomberg dollar index fell. Excluding the volatile food and energy components, the so-called core PPI was unchanged in October and rose 6.7% on an annual basis. The data com

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US producer prices cool by more than forecast in October on heels of CPI ...Qatar

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