PPI preview: PPI is expected to rise 0.4% in March (median 0.3%) vs 0.1% in February, while
ex-food and energy, PPI is expected to rise 0.2% in March (median 0.2%).
The figures and tables in the article illustrate how k-core inflation behaves, and how it compares to inflation
ex-food and energy and to trimmed mean inflation.
On a 12-month basis, the headline slowed to 1.7% y/y versus 1.8% y/y, with the
ex-food and energy component steady at 2.3% y/y.
On a 12-month basis, the headline accelerated to a 2.0% y/y clip versus 1.9% y/y, while the
ex-food and energy component is up 2.1% y/y from 2.0% y/y.
Projections on core inflation were also knocked down with CPI
ex-food and energy at 2.1% for this year, versus the pervious 2.3% expectation, with 2020 core PCE seen at 1.7% versus 2.0%.
PPI preview: PPI is expected to rise 0.1% in June (median 0.2%) vs 0.5% in May, while
ex-food and energy PPI may rise 0.2% in June (median 0.2%) vs 0.3%.
There were no revisions to June where the headline and
ex-food and energy component each up 0.3%.
The 12-month pace was flat at 2.9% y/y, but the
ex-food and energy component accelerated to 2.4% y/y versus 2.3% y/y previously.
Compared to last November, the headline price index slowed to 1.8% y/y versus 2.0% y/y, but the
ex-food and energy component accelerated slightly to 1.9% y/y from 1.8% y/y.
The headline 12-month pace slowed to 2.2% y/y from 2.5% y/y, with the
ex-food and energy component edging up to 2.2% y/y from 2.1% y/y.
PPI preview: PPI is expected to be flat in November (median unchanged) vs 0.6% in October, while
ex-food and energy, PPI is expected to rise 0.1% in November (median 0.2%) vs 0.5%.
On a 12-month basis, the headline slowed to 2.5% y/y versus 2.9%, but the
ex-food and energy component picked up to 2.7% y/y versus 2.6% y/y.
