U.S. Producer Prices Increased in October
November 14 2019 - 09:00AM
Dow Jones News
By Sarah Chaney and Josh Mitchell
WASHINGTON-A gauge of business prices rose in October, helping
reverse September's decline, according to Thursday's Labor
Department report. Here are the key takeaways:
-The producer-price index, a measure of the prices businesses
receive for their goods and services, increased a seasonally
adjusted 0.4% in October from a month earlier. Economists surveyed
by The Wall Street Journal had expected prices to rise 0.3% from
September.
-Excluding the often-volatile food and energy categories,
producer prices were up 0.3% in October from the prior month.
-Compared with October 2018, the overall PPI was up 1.1% last
month. Annual inflation has softened in recent months.
-The producer-price measure typically tracks the same trends as
other broad inflation gauges, though it does not always translate
into what consumers pay. A gauge of prices paid by the average
American, the consumer-price index, rose 0.4% in October from the
previous month, the Labor Department said earlier this week. Core
prices, excluding often volatile food and energy categories, were
up 0.2%.
Write to Sarah Chaney at sarah.chaney@wsj.com
(END) Dow Jones Newswires
November 14, 2019 08:45 ET (13:45 GMT)
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