• 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.



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