US final demand prices fall back by less than expected in October

Wholesale inflation fell back by less than expected in October as energy and food prices bounced back.

According to the Department of Labor, so-called final demand prices increased at a month-on-month pace of 0.4% (consensus: 0.3%), while the annual rate of advance slipped from 1.4% to 1.1% (consensus: 0.9%).

Versus the month before, final demand prices for goods rose by 0.7% (foods: 1.3%; energy: 2.8%) and those of services by 0.3% (trade: 0.8%, transportation and warehousing: 0.3%, other: 0.1%).

Excluding food, energy and trade, final demand prices were up by 0.1% against September and by 1.5% in comparison to one year ago.