US Producer Prices Rise 0.3%, Below Forecast; Annual Rate Hits 6.5%

The US Bureau of Labor Statistics said on Friday, November 13, that its producer price index for final demand rose 0.3% in October on a seasonally adjusted basis. Economists polled by Reuters had expected 0.4%, and Cointelegraph reported that the yearly reading was also 0.1 percentage point below consensus. The 12-month increase was 6.5%, which BLS data show is the largest since November 2022. That figure, which some crypto outlets circulated before the release, is therefore confirmed by the agency, up from 6.3% in September.

Reuters reported that goods prices climbed 0.5%, driven mostly by food and basic organic chemicals, while services rose 0.2%. September was revised up to a 1.4% gain. BLS does not publish a standard core figure in its release, but final demand less foods, energy and trade rose 0.5% in October and 4.9% over twelve months.

Markets did not take the slightly softer print as relief, Cointelegraph reported. Bitcoin fell about 4% to near $68,700 after touching roughly $67,500, its lowest since mid-August. The S&P 500 was down 1.2% and the Nasdaq Composite 1.5% at the time of writing, though the Nvidia CEO’s resignation on Thursday also weighed on stocks.

According to CME FedWatch data cited by Cointelegraph, the probability of a 25-basis-point Fed hike in December rose from 85.4% to 89.7%, while the odds of a 50-basis-point move fell from 14.5% to 10.3%. Reuters noted the Fed held its rate at 3.75% to 4.00% last month.

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Sources:

• BLS: Producer Price Index news release, October 2026

• Reuters via Yahoo Finance: US producer prices rise further in October

• Cointelegraph: Bitcoin stays 4% lower as US PPI cooldown fails to lift stocks