The Producer Price Index (PPI) for the month of October increased by 0.6% on a month-over-month basis, which was in line with expectations. The year-over-year increase came in at 8.6%.
The Consumer Price Index (CPI) for the month of October increase by 0.9% on a month-over-month basis, which was above the expectation of a 0.6% increase . The year-over-year increase was 6.2%.
The University of Michigan Consumer Sentiment Index fell to 66.8 from 71.7, whereas the consensus estimate was an expected increase to 72.4.
