Highlights of the March US producer price index report:

  • Prior reading was +0.9% y/y
  • Ex-food and energy up 1.4% vs 1.1% exp
  • m/m PPI up 0.5% vs 0.1% exp
  • Largest monthly rise since June 2013
  • m/m ex-food and energy up 0.6% vs 0.2% exp
  • Largest rise since March 2011

The market isn’t overly sensitive to inflation data at the moment so it’s a lower-tier report but this could get markets a bit scared about rising prices. U Mich consumer sentiment is out at 1455 GMT.