August 2018 US PPI final demand data 12 September 2018
- Prior 0.0%
- 2.8% vs 3.2% exp y/y. Prior 3.3%
- Ex-food/energy -0.1% vs 0.2% exp m/m. Prior 0.1%
- 2.3% vs 2.7% exp y/y. Prior 2.7%
- Ex-food/energy/trade 0.1% vs 0.3% prior m/m
- 2.9% vs 2.8% prior y/y
A little soft in the main but the core y/y is up and that suggests further follow through into headline inflation. PPI has been running strong for the best part of 3 years so there’s nothing to worry about in this one report. USD has gone a tad offered in reaction though.