- Prior was 5.5%
- PPI m/m 0.0% vs +0.2% exp
- PPI ex-food and energy +0.2% m/m vs +0.3% exp
- PPI ex-food and energy +4.2% y/y vs 4.2% exp
- Prior ex-food and energy +4.7%
This is more evidence for a softer PCE inflation report later in the month and is a negative for the US dollar, which is down modestly on the headlines.
This article was written by Adam Button at investinglive.com.
