US producer price index data for December

  • Prior was +0.4% m/m
  • PPI ex food and energy +0.2% vs +0.1% exp
  • PPI ex food, energy and trade +0.1% vs +0.1% exp

Year-over-year

  • PPI 1.6% vs 1.6% exp
  • Ex food and energy 1.6% vs 1.5% exp
  • Ex food, energy and trade 1.7% vs 1.8% exp

I thought there might be a downside miss because of the stronger dollar but the numbers were a tiny bit high.