The Producer Price Index, or PPI, increased 0.2% M/M in October, matching the consensus and picking up from +0.1% in September, which was revised from 0.0%. On a Y/Y basis, headline PPI increased 2.4% vs. +2.3% consensus and +1.9% prior (revised from +1.8%).

This steady PPI figure is encouraging for the US dollar, as the alignment with expectations suggests a stable inflation rate. Such consistency supports a balanced economic outlook, which often strengthens the dollar by reinforcing confidence in the currency’s stability.

October Producer Price Index: +0.2% M/M vs. +0.2% consensus and 0.1% in September (revised from 0.0%). +2.4% Y/Y vs. +2.3% consensus and +1.9% prior (revised from +1.8%). Core PPI: +0.3% M/M vs. +0.3% expected and +0.2% in September. +3.1% Y/Y vs.

U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, another sign that progress towards lower inflation was stalling. The report from the Labor Department on Thursday followed on the heels of news on Wednesday that consumer inflation had barely budged last month,

US producer prices picked up in October, fueled in part by gains in portfolio management and other categories that feed into the Federal Reserve’s preferred inflation gauge.

U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and hospital outpatient care, further evidence that progress toward lower inflation was stalling.