US PPI up 0.6% in October; additional sizable rises likely

09 November 2021

 

Summary: Prices received by US producers (PPI) rise by 0.6% in October, in line with expectations; annual rate steady at 8.6%; “core” PPI increases by 0.4%; energy prices, “goods pipeline inflation pressures remain very strong”; worsening supply chain bottlenecks suggest “year-on-year gains will continue to rise”; goods prices up 1.2%, services prices up 0.2%; construction prices up 6.6%. Around the end of 2018, the annual inflation rate of the US...

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