October producer price index:
- Prior was +0.4%
- Ex food and energy +0.1% vs +0.2% exp
- Prior ex food and energy +0.4%
- Ex food, energy and trade +0.2% vs +0.2% exp
- Final demand y/y +0.5% vs +0.4% exp
- Prior final demand +0.4%
- Ex food and energy y/y +1.1% vs +1.2% exp
- Ex food, energy and trade +0.8% y/y vs +0.9% exp
Producer price inflation is not a big factor at the moment but given the drop in oil prices and that we're in the midst of a raging global pandemic, and it could certainly be worse.