• Prior was +3.2%
  • PPI -0.4% m/m vs +0.2% expected
  • Ex food and energy +3.3% y/y vs +3.6% expected
  • Ex food and energy -0.1% m/m vs +0.3% expected
  • Ex food, energy and trade +3.4% vs +3.5% prior
  • Ex food, energy and trade +0.1% vs +0.4% prior

This is some welcome cooling that shows some disinflation is in the pipeline and there will be more with the recent drops in oil and commodity prices.

Source: Forex Live