March 2018 US PPI final demand 10 April 2018

  • Prior 0.2%
  • 3.0% vs 2.9% exp y/y. Prior 2.8%
  • Ex-food/energy 0.3% vs 0.2% exp m/m. Prior 0.2%
  • 2.7% vs 2.6% exp y/y. Prior 2.5%
  • Ex-food/energy/trade 0.4% vs 0.2% exp. Prior 0.4%
  • 2.9% vs 2.7% prior y/y

What’s notable is the energy numbers. They fell 2.1% following a 0.5% drop last month. That strengthens the case to see a pass-though in PPI prices to headline/core inflation.

Ryan Littlestone

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