US PPI for March 11.2% YoY versus 10.6% YoY expected

• Prior report 10.0%
• PPI MoM 1.4% vs 1.1% estimate
• PPI Final Demand YoY 11.2% vs 10.6% estimate. This is the all time high going back to Nov 2010 inception
• PPI ex food and energy YoY 9.2% vs 8.4% estimate
• PPI ex food and energy MoM 1.0% versus 0.5% estimate

• Prices for final demand less foods, energy, and trade services moved up 0.9 percent in March, the 
  largest advance since rising 1.0 percent in January 2021. For the 12 months ended in March, the 
  index for final demand less foods, energy, and trade services increased 7.0 percent. 

• Goods PPI up 2.3%> Half of the increase was energy related (up 5.7% for the month). Ex food and energy the goods component would have been up 1.1%
• Services PPI up 0.9%

The full report can be found HERE

The data is all hotter than expected and runs a bit counter to the CPI data that had traders thinking we have peaked. There are pipeline costs (more 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) that have not worked through into the economy. Bright spot would be the energy component is lower MoM.