US: Building pressures - ANZ

Sandeep Kanihama FXStreet Contributor

The US October PPI was stronger than expected at +0.4% m/m and 2.8% y/y while the core pace also rose 0.4% m/m, with the annual core rate rising to 2.4% y/y (2.2% last), notes the research team at ANZ.

Key Quotes

“The data hint at some building pipeline inflation pressures and perhaps supports the idea that the weakness in inflation earlier this year is likely to have been transitory (i.e. pharmaceutical prices rose 2.1% m/m). The data are consistent with the Fed's view of gradual inflation normalisation.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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