US producer price index flat in October

The Producer Price Index for final demand was unchanged in October, seasonally adjusted, the US Bureau of Labor Statistics reported Wednesday.

The reading came in below expectations of a 0.3% gain. Final demand prices rose 0.3% in September and were unchanged in August.

The PPI increased 0.8% for the 12 months ended in October, the largest 12-month rise since advancing 0.9% in December 2014, but still below the 1.2% increase expected.

Excluding foods and energy PPI dropped 0.2% in October after rising 0.2% in September. Core PPI rose 1.2% YoY, below the 1.5% expected.