U.S. PPI Matches Monthly Expectations, Annual Rate Exceeds Forecasts

The U.S. Producer Price Index (PPI) rose 0.2% in October 2024, aligning with market expectations. However, the annual PPI rate reached 2.4%, surpassing the forecasted 2.3%. Revisions to previous data indicate inflationary pressures may be building, with the September monthly rate revised from 0% to 0.1% and the annual rate adjusted from 1.8% to 1.9%.