US October PPI Rises 6.5% Year-on-Year, Below 6.6% Estimate

Cointime reports: US producer prices rose 6.5% year-on-year in October, below the 6.6% estimate and above the prior 6.3% reading, data released November 13 showed. On a monthly basis, the producer price index climbed 0.3%, undershooting the 0.4% forecast. The figures indicate producer-level inflation ran slightly cooler than expected last month.