- Prior was +11.9%
- Prices m/m -1.2% vs -2.1% prior
- Raw materials price index +17.9% vs +19.1% y/y prior
- Raw materials price index -4.2% m/m vs -7.4% prior
It will take a long time for these numebrs to normalize but that's three negative months in a row feeding into PPI. I don't see any reason why September shouldn't be any different. The year-over-year numbers are still eyewatering but in Jan we'll start lapping the high comps and there will be a rapid improvement.
