- Prior was +0.9% y/y (revised to +0.8%)
- PPI m/m -0.1% vs +0.1% anticipated
Core:
- PPI ex meals and power YoY 1.8% versus 1.9% anticipated. Prior month 2.0%
- PPI ex meals and power MoM 0.0% versus +0.2% anticipated. Prior month 0.0%
- PPI Ex meals and power/commerce 2.5% versus 2.5% final month (revised from 2.4%)
- PPI Ex meals and power/commerce 0.2% versus 0.1% final month
The US greenback has softened on these numbers and a bid has returned to the entrance finish of the bond market. This can harden some merchants’ perception that decrease inflation is barely a matter of time.
This text was written by Adam Button at www.forexlive.com.
