June 2018 US PPI final demand 11 July 2018

  • Prior 0.5%
  • 3.4% vs 3.2% exp y/y. Prior 3.1%
  • Ex-food/energy 0.3% vs 0.2% exp m/m. Prior 0.3%
  • 2.8% vs 2.6% exp y/y. Prior 2.4%
  • Ex-food/energy/trade 0.3% vs 0.1% prior m/m
  • 2.7% vs 2.6% prior y/y

Producer price inflation remains strong and that will lead to a flow through into CPI down the line.Let me clarify that last comment. It will feed through into inflation down the line but these numbers flow directly into the PCE/Core PCE numbers.

For the numbers today, services and motor fuels and lubricants led the moves higher. USD is little changed with bigger headlines (trade wars) taking the attention.


Ryan Littlestone

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