US Wholesale Inflation Falls for First Time in Four Months

The US October Producer Price Index (PPI) rose 1.3% year-on-year, undercutting estimates of 1.9%. Core PPI rose 2.4%, coming in below estimates of 2.7%.

This is the first time in four months that so-called wholesale inflation has fallen. Earlier this week, the markets celebrated lower-than-expected October retail inflation in most sectors.

The US also added fewer jobs than expected last month, which could see the US Federal Reserve create a soft-landing for the economy. Market pundits predict the Fed will not increase rates when it meets in December.

This is a developing story.

Do you have something to say about the lower October US PPI or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).