- 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.
- 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.
