- Prior +0.2%
- PPI +1.9% vs +2.5% y/y expected
- Prior +3.0%
The drop here owes largely to a decline in prices for energy (-5.8%). If you strip that out, producer prices were actually up 0.1% on the month. There were increases in prices for capital goods (+0.1%), durable consumer goods (+0.2%), and non-durable consumer goods (+0.5%).
This article was written by Justin Low at www.forexlive.com.