- PPI +15.0% vs +17.7% y/y expected
- Prior +24.6%
It's all about the details when it comes to the report, so don't get fooled by the larger-than-expected headline drop. If you strip out energy prices, total producer prices actually increased by 1.1% in January. Here's the monthly breakdown:
- Energy prices -9.4%
- Intermediate goods +0.8%
- Capital goods +1.2%
- Non-durable consumer goods +1.5%
- Durable consumer goods +1.6%