Details of the February 2015 US PPI final demand data report 13 March 2015

  • Prior -0.8%
  • -0.6% vs 0.0% exp y/y. Prior 0.0%
  • Ex-food/energy -0.5% vs +0.1% exp m/m. Prior -0.1%
  • 1.0% vs 1.6% exp y/y. Prior 1.6%
  • Ex-food/energy/trans 0.0% vs -0.3% prior m/m
  • 0.7% vs 0.9% prior y/y

Prices still falling even as energy prices stabilised over the period. It shows how long the passthrough from lower oil prices takes to filter through. Perhaps surprisingly energy PPI was unchanged on the month but down 22.4% against a year ago