Producer prices for products manufactured and services supplied in the United States rose 0.6% from September, as expected.
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The rise in wholesale prices in the United States remained strong in October, marking a small acceleration over one month, but it is stable over one year, according to the PPI index measuring part of inflation, published Tuesday by the department work.
Producer prices for products manufactured and services supplied in the United States rose 0.6% in October from September, as expected. In September, prices were up 0.5% on a month, and in August, 0.7%.
More than 60% of this price increase is due to goods, and particularly to construction materials, the prices of which have jumped 6.6%, said the Department of Labor in its press release.
Year over year, the price increase was 8.6%, stable from September, remaining at its highest level since year-on-year data began to be calculated in November 2010.
These figures “continue to reflect the effects of the pandemic, including imbalances between supply and demand. The impact on demand is expected to fade over the next few months. But there is a risk of supply chains disrupting, which could keep commodity prices and inflation high longer, ”according to Rubeela Farooqi, chief economist at HFE.
The United States, like many other countries, faces high inflation, due in particular to global supply difficulties, and high energy prices.
The PPI index is a measure of inflation, which takes into account prices from the point of view of manufacturers and sellers, while the PCE and CPI indices measure them on the consumer side.
The PCE index, the one favored by the American central bank (Fed) showed an acceleration in inflation over one year in September, to 4.4%, the highest since 1991. But the rise in prices remained stable on one month, at 0.3%.
The CPI index will be published Wednesday for the month of October, and should show a new acceleration over one month, to + 0.6% against + 0.4% in September, according to a consensus of analysts.
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