Another price indicator suggests that US inflation is gradually coming down.
The U.S. Department of Labor announced on the 15th (local time) that the October producer price index rose 0.2% from the previous month and 8.0% from the same month last year.
Compared to the same month last year, the rate of increase continued for four consecutive months.
Last September, the rate of increase was 8.4%.
The month-on-month increase was below the 0.4% forecast by analysts compiled by the Wall Street Journal.
The core producer price index, excluding energy and food, rose 0.2% from the previous month and 5.4% from the same month last year.
Given that the producer price index, which is wholesale price, is usually considered a leading indicator of inflation, it is interpreted as a clear slowdown in the market.
After the recently announced consumer price index rose 7.7% in October, below the market forecast of 7.9%, the 'inflation peak theory' raised by some is expected to gain more weight.
If inflation slows down next month, the possibility of the US Fed lowering the base rate hike from 0.75 percentage point to 0.5 percentage point is also raised.