Producer Price Index is inflation at a business-to-business level (in a nutshell).

It is also known as the Corporate Goods Price Index, which is probably a better indication as to what it is.

+0.6% m/m

  • expected 0.3%, prior 1.2% m/m

+9.0% y/y

  • expected 8.5%, prior 8.0% y/y