December US producer price index
- Prior was +0.4%
- Ex food and energy -0.1% vs +0.2% exp
- Prior ex food and energy +0.3%
- Ex food, energy and trade +0.1% vs +0.2% exp
- Final demand +2.6% y/y vs +3.0% exp
- Ex food and energy +2.3% y/y vs +2.5% prior
- Ex food, energy and trade +2.3% vs +2.4% prior
Given the climb in commodity prices and the weakness in the US dollar in December, a drop in the PPI is a headscratcher.