US: Annual PPI remained at 8.6% in October vs. 8.7% expected
|- Headline US PPI came in at 8.6% YoY in October.
- The US Dollar Index hardly saw any reaction and continues to trade close to 94.00.
The YoY rate of Producer Price Inflation came in at 8.6% in October, unchanged from the month prior and slightly below expectations for 8.7%, according to a report by the US Bureau of Labour Statistics.
But the MoM rate of PPI rose to 0.6% in October, versus expectations for 0.5% and higher than September's 0.5% reading. Elsewhere, the YoY rate of Core PPI was stable at 6.8%, while the MoM pace of Core PPI in October came in at 0.4%, below expectations for 0.5%.
Market Reaction
The US Dollar Index (DXY) hardly saw any reaction to the data and has continued to trade close to 94.00.
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