US October 2021 producer price index highlights
- Prior was 8.3% y/y
- PPI ex food and energy 6.8% vs 6.8% expected
- m/m PPI +0.6% vs +0.5% expected
- m/m ex food and energy 0.4% vs +0.5% expected
There are no surprises in this report. The headline was a touch lower but the m/m reading was a touch higher.
We'll have to wait for tomorrow's CPI report for a better market mover.
