US PPI  final demand for November 0.3% vs +0.0% est

Ex Food and energy MoM for November 0.3% vs +0.1%

Highlights

• US PPI final demand +0.3% vs. -0.4% last month. Est 0.0%
• Ex Food and Energy +0.3% vs -0.3% last month. Est +0.1%
• Ex-food and energy, trade +0.1 vs. +0.1, estimate. Last month -0.1%
• PPI final demand year on year, -1.1% vs. -1.4% estimate. Last month -1.6%
• PPI ex-food and energy. Year on year +0.5% vs. +0.2% estimate.
• PPI ex-food at energy, trade. Year on year +0.3% vs. +0.4% estimate

Inflation data as measured by producer prices is higher than expectations in the month of November. The month on month increase of +0.3% was the largest increase in 5 months.

Goods prices fell by -0.1% for the 5th month according to the report (last month -0.4%) This is being attributed to slower global demand and a stronger dollar. Meanwhile, service prices increased by +0.5% - the largest jump in more than a year.

Food +0.3%

Energy -0.6% with gasoline falling 1.3%