Free Trial

Core PPI Inflation Slightly Stronger Than Expected In April

US DATA
  • Core PPI inflation in April was on balance close to expected if not slightly stronger, with ex food & energy stronger but weaker when also stripping out trade services.
  • Ex food & energy increased 0.24% M/M (cons 0.2) after an upward revised 0.0% (initial -0.1)
  • Ex food, energy & trade increased 0.18% M/M (cons 0.3) after a minimally upward revised 0.12% (initial 0.07).
  • The combination sees a trend moderation in input cost pressures, something seen in yesterday’s CPI core goods ex used autos but not yet fully reflecting the recent sizeable improvement in supply chain pressures with the NY Fed’s GSCPI at levels last seen in late 2008.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.