“Disinflation evident in goods prices”; US October PPI less than expected

15 November 2022

 

Summary: US producer price index (PPI) up 0.2% in October, less than half expected figure; annual rate slows to 8.0%; “core” PPI flat; “disinflation evident in goods prices”; Treasury yields fall, rate-rise expectations soften. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in which producer prices increased suggested the trend may have been coming...

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