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US PPI unchanged in October

Wednesday, Nov 16 2016
US PPI unchanged in October

The Producer Price Index for final demand was unchanged in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.3 percent in  September and were unchanged in August. On an unadjusted basis, the final  demand index increased 0.8 percent for the 12 months ended in October, the largest 12-month  rise since advancing 0.9 percent in December 2014.

Within final demand in October, a 0.4-percent increase in the index for final demand goods offset a 0.3-percent decline in prices for final demand services. Prices for final demand less foods, energy, and trade services edged down 0.1 percent in October after rising 0.3 percent in both August and September. For the 12 months ended in October, the index for final demand less foods, energy, and trade services advanced 1.6 percent, the largest increase since climbing 1.7 percent for the 12 months ended September 2014.

 

Euro is currently being traded around 1.0680 area, Sterling is at 1.2460 level, while Aussie is around 0.75 handle.

More in this category: « UK Unemployment Rate fell to 4.8% US Industrial Production missed market forecasts »

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