- Prior was +3.2%
- PPI -0.4% m/m vs +0.2% expected
- Ex food and energy +3.3% y/y vs +3.6% expected
- Ex food and energy -0.1% m/m vs +0.3% expected
- Ex food, energy and trade +3.4% vs +3.5% prior
- Ex food, energy and trade +0.1% vs +0.4% prior
This is some welcome cooling that shows some disinflation is in the pipeline and there will be more with the recent drops in oil and commodity prices. Final demand goods fell 0.9%, which is the largest decline since October 2023.
- Energy prices dropped 4.0%
- Food prices decreased 2.1%
- Gasoline prices fell 11.1%, accounting for two-thirds of the goods decline
This article was written by Adam Button at www.forexlive.com.
