US PPI for final demand rose 0.2% mom in October, matched expectations. Most of the rise can be traced to a 0.3% mom advance services. Prices of goods inched up 0.1% mom. PPI less foods, energy, and trade services increased 0.3% mom.
For the 12 month period, PPI accelerated notably from 1.9% yoy to 2.4% yoy, above expectation of 2.3% yoy. PPI less foods, energy, and trade services rose 3.5% yoy, up from prior month’s 3.3% yoy.
