- Prior was +9.8%
- PPI -0.1% m/m vs -0.1% expected
- Prior m/m reading was -0.5%
- Ex-food and energy +7.3% y/y vs +7.1% expected
- Ex-food and energy +0.4% m/m vs +0.3% expected
The ex-food and energy numbers are disappointing. Inflation is flowing through the core right now and that's what has the market worried. These are close enough to expectations not to cause big ripples but bad enough to keep dip buyers at bay. The dollar is unmoved on the numbers.
