US: PPI dropped 0.2% MoM in October

FXstreet.com (Edinburgh) -The Labour Department reported that Producer prices contracted 0.2% MoM during October, matching expectations and down from September’s -0.1%. Over the last twelve months, prices have matched estimates at 0.3%. Ex food and energy, prices rose 0.2% MoM and 1.4% YoY, vs. the median at 0.1% and 1.3% respectively.