US Headline PPI Blows Away Estimates

Headline US PPI for January was 9.7% YoY vs 9.1% YoY expected. The December print was revised higher for December from 9.7% YoY to 9.8% YoY. The core PPI for January, which excludes the volatile food and energy components, rose 8.3% YoY vs 7.9% YoY expected and 8.3% YoY in December. Both prints were much […]

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