October U.S. PPI Is Forecast to Rise 6.6% Year Over Year

October’s U.S. Producer Price Index is forecast to register a 6.6% annual increase, compared with 6.3% in September, as markets await a new measure of prices received by domestic producers.

The annual core PPI rate is projected at 5%, unchanged from its previous reading. The headline estimate is 0.3 percentage point above September’s 6.3% rate. October data are due at 8:30 a.m. ET Friday, Nov. 13 (13:30 UTC).

PPI measures prices received by domestic producers, while the Consumer Price Index tracks prices from the purchaser’s perspective. September’s final-demand report showed prices rose 1.3% from August and 6.3% over 12 months, with the monthly increase the largest since March 2022.

The report follows the Federal Reserve’s Oct. 28 rate decision to hold its target range at 3.75% to 4%. The Federal Open Market Committee said inflation remained elevated and that more information would help it determine the policy stance needed to return inflation to its 2% goal.