US February PPI data now out 14 March

  • 0.4% prev
  • yy 2.8% vs 2.8% exp vs 2.7% prev
  • ex food/energy mm 0.2% vs 0.2% exp vs 0.4% prev
  • yy 2.5% vs 2.6% exp vs 2.2% prev
  • yy ex food energy trade 2.7% vs 2.55 prev

Slightly stronger mm headline and core yy minus trade tempered by softer yy core reading inc trade.

Changes in the PPI are widely followed as an indicator of commodity inflation and should feed into headline CPI over a few months.

USD lower as US retail sales data comes in well below expectation

The Producer Price Index released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing.

Full report here

US PPI mm