July producer price index data
- Prior was -0.2%
- Ex food and energy +0.5% vs +0.1% expected
- Ex food, energy and trade +0.3% vs +0.2% expected
- Final demand y/y -0.4% vs -0.7% expected
- Ex food and energy y/y +0.3% vs 0.0% expected
There is a lot of talk about inflation and this tick higher isn't going to stop the drumbeat.
Looking north, Canada PPI rose 0.5% in June but are down 2.4% y/y.
