Core

Core Producer Price Growth Slows In October But Food Prices Surge

After yesterday’s disappointing (for some) cooler-than-expected CPI, analysts also expect producer price growth to decelerate in October but it modestly beat expectations, rising 0.3% MoM (vs +0.2% MoM exp). On a YoY basis, producer prices rise 0.5%, well below that of consumer prices… Source: Bloomberg In October, nearly 60 percent of the rise in the…