US PPI rises to 0.4% vs expected 0.3% and prior -0.3% for October
|- US PPI (MoM) (Oct) 0.4% vs expected 0.3% previous -0.3%.
- Core PPI (MoM) (Oct) 0.3% vs expected 0.2%.
- PPI (YoY) (Oct) 1.1% vs expected 0.9%.
The dollar has pushed slightly higher following the data that beat expectations.
The Producer Price Index (PPI) measures the change in input prices of raw, semi-finished or finished goods and services in America.
Over the month of October, the dollar index fell 2.4% from 98.55 to 97.12.
This could contribute to the increase in PPI as buying goods from other nations becomes more expencive.
Lasts month reading came in at -0.3% but the general trend has been mixed.
The Fed will be looking at inflation figures but they have recently cut rates and today's reading is by no means a overshoot.
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