Wednesday, November 15, 2023

Inflation Eases: U.S. Producer Prices Fall Below Forecasts

Further indications of abating inflation are evident as U.S. Producer Prices experienced a 0.5% decline in October, with a mere 1.3% rise over the past year. These figures significantly deviated from consensus forecasts, which anticipated a 0.1% monthly increase and a 2.0% year-on-year upturn.

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