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Prices & Quotes
US final demand prices fall back by less than expected in October
By Alexander Bueso
Date: Thursday 14 Nov 2019
LONDON (ShareCast) - (Sharecast News) - Wholesale inflation fell back by less than expected in October as energy and food prices bounced back.
According to the Department of Labor, so-called final demand prices increased at a month-on-month pace of 0.4% (consensus: 0.3%), while the annual rate of advance slipped from 1.4% to 1.1% (consensus: 0.9%).
Versus the month before, final demand prices for goods rose by 0.7% (foods: 1.3%; energy: 2.8%) and those of services by 0.3% (trade: 0.8%, transportation and warehousing: 0.3%, other: 0.1%).
Excluding food, energy and trade, final demand prices were up by 0.1% against September and by 1.5% in comparison to one year ago.