Economic Indicators

U.S. PPI falls to 14-month low in October as supply bottlenecks ease

2022.11.15 08:47



U.S. PPI falls to 14-month low in October as supply bottlenecks ease

Budrigannews.com – U.S. fell to its lowest in over a year in October, bolstering hopes that pipeline inflation pressures have peaked thanks to the improvement in global supply chains over recent months.

rose by a modest 0.2% on the month and were up 8.0% from a year earlier, comfortably below the 8.3% that was the consensus forecast. 

The Bureau of Labor Statistics also revised down its estimate of producer prices in September to show a rise of only 0.2%, rather than the 0.4% initially reported. 

, which strips out volatile food and energy components, was even more placid. Prices stagnated on the month, bringing the down to 6.7%, its lowest since August last year.

Massive disruptions to seaborne trade had caused worldwide shortages of components and other intermediate goods earlier in the year, leading automakers and others to restrict output and squeeze prices higher. Those bottlenecks have, by an large, unwound in recent months, however. 



Source link

U.S. PPI falls to 14-month low in October as supply bottlenecks ease

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,979.25 0.85%
ethereum
Ethereum (ETH) $ 3,489.61 5.01%
tether
Tether (USDT) $ 1.00 0.22%
solana
Solana (SOL) $ 251.44 2.47%
bnb
BNB (BNB) $ 666.12 3.10%
xrp
XRP (XRP) $ 1.47 9.62%
dogecoin
Dogecoin (DOGE) $ 0.423217 3.07%
usd-coin
USDC (USDC) $ 1.00 0.16%
cardano
Cardano (ADA) $ 1.04 6.00%
staked-ether
Lido Staked Ether (STETH) $ 3,489.52 4.89%
avalanche-2
Avalanche (AVAX) $ 45.10 14.47%
tron
TRON (TRX) $ 0.210498 3.35%
the-open-network
Toncoin (TON) $ 6.22 4.42%
stellar
Stellar (XLM) $ 0.513774 2.03%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 4.38%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,132.37 4.83%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,646.16 0.43%
polkadot
Polkadot (DOT) $ 8.86 6.84%
chainlink
Chainlink (LINK) $ 18.75 13.59%
bitcoin-cash
Bitcoin Cash (BCH) $ 521.62 6.57%
weth
WETH (WETH) $ 3,489.87 5.01%
sui
Sui (SUI) $ 3.40 4.71%
pepe
Pepe (PEPE) $ 0.00002 2.97%
near
NEAR Protocol (NEAR) $ 6.81 10.56%
leo-token
LEO Token (LEO) $ 8.44 2.39%
litecoin
Litecoin (LTC) $ 97.61 3.96%
uniswap
Uniswap (UNI) $ 12.06 15.31%
aptos
Aptos (APT) $ 12.68 7.28%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,673.93 4.96%
internet-computer
Internet Computer (ICP) $ 12.37 14.81%
hedera-hashgraph
Hedera (HBAR) $ 0.142763 0.24%
usds
USDS (USDS) $ 0.999227 0.66%
crypto-com-chain
Cronos (CRO) $ 0.189143 0.93%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.592212 10.87%
ethereum-classic
Ethereum Classic (ETC) $ 30.93 11.16%
render-token
Render (RENDER) $ 7.88 5.71%
kaspa
Kaspa (KAS) $ 0.157168 6.15%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.50 6.27%
bittensor
Bittensor (TAO) $ 526.18 6.64%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
arbitrum
Arbitrum (ARB) $ 0.915394 11.63%
whitebit
WhiteBIT Coin (WBT) $ 24.38 0.34%
vechain
VeChain (VET) $ 0.042988 6.83%
dai
Dai (DAI) $ 1.00 0.24%
filecoin
Filecoin (FIL) $ 5.72 6.70%
bonk
Bonk (BONK) $ 0.000046 2.81%
cosmos
Cosmos Hub (ATOM) $ 8.67 1.76%
celestia
Celestia (TIA) $ 7.78 2.91%
blockstack
Stacks (STX) $ 2.24 14.88%
mantra-dao
MANTRA (OM) $ 3.66 1.27%