Producer Price Index rises more than expected in October

The wholesale inflation It showed higher than expected figures in the main index although the underlying index climbed below the market consensus. The Producer Price Index (PPI) rose 0.3% in October, against the expected 0.2%, making the annual rate go from 0.4% to 0.5%.

The underlying index, excluding the more volatile elements, it was up 0.1%, less than the 0.2% expected. Compared to twelve months ago, it increased 1.1%, less than the estimated 1.2%.

The data had no impact on the market. The dollar is falling slightly on Friday. The consumer confidence report will be published later.

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