(Bureau of Labor Statistics) US posted a 0.6% increase in the Producer Price Index in October, a further rise after a 0.5% jump in September, but below 0.7% in August.
Final demand prices were up 8.6% in the 12 months that ended October.
Final demand goods rose 1.2%, contributing to over 60% increase in the producer prices. The index had increased by 1.3% in September.
Final demand services saw a 0.2% increase in prices, while final demand construction prices rose 6.6%.
Less food, energy, and trade services, the producer prices rose by 0.4% in October, after increasing by 0.1% in September. The index was up 6.2% in the 12-months that ended October.
In the intermediate goods category, processed goods prices rose 2.1%, as unprocessed goods saw an 8.4% jump in October. Prices for services increased by 0.2%.
SPY is up +0.092%, DXY is down -0.07%.
