Free Trial

PPI Inflation Beats In Feb, Mixed Core Trends But One Accelerates Strongly

US DATA
  • A strong beat for headline PPI, slightly less so for core measures but still stronger and with net upward revisions.
  • PPI final demand: 0.56% M/M (cons 0.3) in Feb after an upward revised 0.43 (initial 0.33)
  • PPI ex food & energy: 0.29% M/M (cons 0.2) in Feb after a downward revised 0.45 (initial 0.50) but marginal upward revision on balance.
  • PPI ex food, energy & trade services: 0.44% M/M (cons 0.3) in Feb after a new unchanged 0.56% (initial 0.57) but larger net upward revision.
  • 6-month ar trends: PPI ex food & energy increased from 1.7% to 1.9% (back to where it was in Nov/Dec), PPI ex food, energy & trade services increased from 3.15% to 3.56% (strongest since Feb’23).

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.