US producer price index flat in October
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The Producer Price Index for final demand was unchanged in October, seasonally adjusted, the US Bureau of Labor Statistics reported Wednesday.
The reading came in below expectations of a 0.3% gain. Final demand prices rose 0.3% in September and were unchanged in August.
The PPI increased 0.8% for the 12 months ended in October, the largest 12-month rise since advancing 0.9% in December 2014, but still below the 1.2% increase expected.
Excluding foods and energy PPI dropped 0.2% in October after rising 0.2% in September. Core PPI rose 1.2% YoY, below the 1.5% expected.
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