The U.S. Bureau of Labor Statistics reported on Nov. 13 that PPI for final demand rose 0.3 percent in October from a seasonally adjusted quarter, beating market expectations of a 0.2 percent increase. In September and August of this year, U.S. PPI rose 0.4 percent and 0.3 percent, respectively.
On an unadjusted basis, PPI rose 0.5% on a year-over-year basis through the end of October, the largest increase since February.
Nearly 60 percent of the 0.5 percent year-over-year increase in the PPI in October was attributed to higher prices for final demand goods; the index for final demand services rose 0.2 percent from a year earlier.
Excluding food, energy, and trade services, the U.S. core PPI increased 0.2% in October from a year earlier, marking the sixth consecutive month of increases in this figure. Year-over-year, the core PPI rose 0.8%, the largest increase since March.
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