- Prior was 6.5%
- PPI final demand m/m -0.3% vs 0.1% expected (prior was +1.1%)
Core readings:
- PPI ex food and energy y/y 4.7% vs 5.2% expected
- Ex food and energy m/m +0.2% vs +0.4% expected
- Ex food energy, and trade +5.1% vs 5.1% prior
This isn’t a huge surprise given the downside miss in CPI yesterday but it underscores it and certainly validates it.
This article was written by Adam Button at investinglive.com.