US producer prices remain at 8.6% in October

ANKARA

US producer prices remained at 8.6% in October on an annual basis, unchanged from the previous month's increase, the Labor Department said Tuesday.

The Producer Price Index (PPI), which measures changes in the price of goods and services from a producer perspective, was expected at 8.7% last month.

The PPI rose 0.6% in October from the previous month, coming in line with the market expectation, after rising 0.5% in September.

"One-third of the October advance in the index for final demand goods can be traced to prices for gasoline, which rose 6.7%," said the agency.

The indexes for diesel fuel, fresh and dry vegetables, gas fuels, jet fuel and plastic resins and materials also moved higher but prices for beef and veal fell 10.3%.

Core producer prices, which exclude food, energy and trade, moved up 0.4% in October from the previous month and increased 6.2% year-on-year.

In September, core PPI increased 0.1% on a monthly basis and it was up 5.9% annually.

ANKARA

US producer prices remained at 8.6% in October on an annual basis, unchanged from the previous month's increase, the Labor Department said Tuesday.

The Producer Price Index (PPI), which measures changes in the price of goods and services from a producer perspective, was expected at 8.7% last month.

The PPI rose 0.6% in October from the previous month, coming in line with the market expectation, after rising 0.5% in September.

"One-third of the October advance in the index for final demand goods can be traced to prices for gasoline, which rose 6.7%," said the agency.

The indexes for diesel fuel, fresh and dry vegetables, gas fuels, jet fuel and plastic resins and materials also moved higher but prices for beef and veal fell 10.3%.

Core producer prices, which exclude food, energy and trade, moved up 0.4% in October from the previous month and increased 6.2% year-on-year.

In September, core PPI increased 0.1% on a monthly basis and it was up 5.9% annually.