Producer Price Index is inflation at a business-to-business level (in a nutshell).
For August 0.0% m/m
expected 0.2%, prior 1.1% m/m
5.5% y/y
expected 5.6%, prior 5.6% y/y
Overall final goods prices(these are the prices of finished products charged to businesses)
- +2.6% y/y
Domestic final goods prices +1.6% y/y
- is said to loosely correlate with CPI
- given official CPI is around 0% it, for now, is not correlating.
