PPI final demand is up in about 10 minutes and we’re looking at -0.1% vs +0.2% prior m/m in the headline and 0.1% vs 0.4% prior m/m in the core.

Year on year we are expecting 1.4% vs 1.5% prior y/y for the headline and an unchanged 1.8% for the y/y core.

It still might be a little early to see the full effects of the drop in oil but it’s what we should be looking for here on out.