U.S. October PPI Rises 6.5% YoY, Highest in Nearly Four Years

U.S. producer prices rose 6.5% YoY in October, the highest since November 2022, below expectations of 6.6% and up from 6.3% previously. PPI increased 0.3% MoM, below the expected 0.4%, while September’s reading was revised up from 1.3% to 1