Producer price index data

PPI
  • Prior was +1.7% y/y
  • Ex food and energy +2.3% y/y
  • Prior ex food and energy +2.1% y/y

Month-over-month

  • PPI +0.1% vs 0.0% exp
  • Prior +0.2%
  • Ex food and energy +0.3% m/m vs +0.2% expected
  • Prior ex food and energy -0.1%

Core PPI is running a bit hot but it's a long way from spilling into overall inflation.