Details of the January 2017 US PPI final demand data report 14 February 2017

  • Prior 0.2%

  • 1.6% vs 1.5% exp y/y. Prior 1.6%
  • Ex-food & energy 0.4% vs 0.2% exp m/m. Prior 0.1%
  • 1.2% vs 1.1% exp y/y. Prior 1.6%
  • Ex-food, energy & trade 0.2% vs 0.1% prior m/m
  • 1.6% vs 1.7% prior y/y

Looking a touch inflationary on the monthly numbers, yet the y/y numbers suggest the recent run higher in prices is either topping or pausing for breath, especially if you strip out the volatiles.

US PPI y/y