US March PPI -0.5% m/m vs 0.0% expected

• PPI final demand +2.7% vs +3.0% y/y expected
• Prior was +4.6%
• Final demand prices -0.5% m/m vs 0.0% expected

Ex food and energy:

• +3.4% y/y vs +3.4% expected (prior +4.4%)
• -0.1% m/m vs +0.3% expected (prior 0.0%)

I want to highlight the month-over-month numbers because dating back to last July, they've been close to flat. PPI is pipeline inflation and it shows that there currently isn't much in the pipeline. That could change with changes in commodity prices but right now, the mode in markets is that we're shifting back to a low-inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term world.