PPI declines .5% in October, YoY now only +1.2%

Full release:

https://www.bls.gov/news.release/ppi.nr0.htm

The Producer Price Index for final demand fell 0.5 percent in October, seasonally adjusted, after
advancing 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. (See
table A.) The October decline is the largest decrease in final demand prices since a 1.2-percent
drop in April 2020. On an unadjusted basis, the index for final demand rose 1.3 percent for the
12 months ended in October.