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Here come producer prices ...

Nov 16, 2016, 18:51 IST

A farmer harvests rice on a field in Lalitpur, Nepal.Reuters/Navesh Chitrakar

The Department of Labor will release its monthly report on producer prices at 8:30 a.m. ET.

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The producer price index (PPI) is used as a forward-looking indicator for consumer-price inflation, since producers' higher costs usually translates to more expensive items on the shelves.

Inflation has been one of the hottest topics on Wall Street since President-elect Donald Trump's victory last week. His fiscal-policy plans include a $500 billion splurge on infrastructure and tax cuts across the board, which are expected to raise domestic demand and inflation.

For October, economists forecast that the PPI for final demand rose 0.3% from September, and 1.2% year-on-year.

Core PPI - which strips out the ever-fluctuating costs of food and energy - is estimated to rise by 1.6% year-on-year.

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