According to CoinMeta, the U.S. Producer Price Index ( PPI ) cooled slightly in October, with an annual rate of 6.5%, higher than the expected 6.6%. Producer prices rose 0.3% month-on-month in October, lower than the expected 0.4%. The core PPI annual rate was 5.0%, in line with expectations. Although the slightly lower-than-expected headline PPI provided some relief, ongoing price pressures still raise concerns about inflation.