US: Producer Prices (Oct) rose 1.5% YoY

FXStreet (Edinburgh) - The Labour Department reported that Producer Prices rose 0.2% MoM during October, bettering forecasts for a 0.1% drop and September’s 0.1% contraction. Over the last twelve months, prices rose 1.5%. Ex food and energy costs, producer prices rose 0.4% MoM and 1.8% YoY, both prints surpassing previous estimates.