Producer prices in the US came in line with expectations on a monthly basis.

◻️ Producer prices in the US in October were in line with expectations with a 0.2% monthly increase. The annual increase was 2.4%, exceeding expectations of 2.3%.

◼️ Core producer prices (excluding food and energy) increased by 0.3% monthly and 3.1% annually. Producer prices excluding food and energy increased by 0.3% monthly and 3.3% annually.

◻️ Energy prices fell by 0.3% and food prices by 0.2%. Producer prices in personal consumption products increased by 0.1%.