Highlights of the March US producer price index report:
- Prior reading was +0.9% y/y
- Ex-food and energy up 1.4% vs 1.1% exp
- m/m PPI up 0.5% vs 0.1% exp
- Largest monthly rise since June 2013
- m/m ex-food and energy up 0.6% vs 0.2% exp
- Largest rise since March 2011
The market isn’t overly sensitive to inflation data at the moment so it’s a lower-tier report but this could get markets a bit scared about rising prices. U Mich consumer sentiment is out at 1455 GMT.
