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.