The monthly rate of inflation at the producer level increased by 0.3% in October, trailing the 0.4% gain analysts had projected for the headline Producer Price Index. Core PPI, which excludes volatile food and energy costs, rose 0.3% for the month, matching estimates and representing a deceleration from the 0.7% increase recorded in September.
On an annual basis, the headline index rose 6.5%, slightly below the expected 6.6%. The core annual inflation rate remained steady at 5.0% for the second consecutive month.
