U.S. import prices to reach 4 month peak

United States' import prices recorded 0.1% month on month fall and 10.7% year on year fall in September. A slight improvement is expected in October. The conflict between firmer petroleum quotes and cheaper foreign goods might have caused the Import Price Index (IPI) to increase by 0.2% in October. 

A 4.2% rise is anticipated in IPI oil-price estimate in October, adding four ticks to the headline reading last month, argues Societe Generale. The lagged impact of softer dollar and cheaper metals, the IPI other than petroleum products likely fallen by 0.2%. 

The overall and non-oil IPIs are expected at 9.2% and 3.4% below their respective year-ago levels, estimates Societe Generale.