US March PPI +2.7% vs +3.3% expected

• Prior was +3.2%
• PPI -0.4% m/m vs +0.2% expected
• Ex food and energy +3.3% y/y vs +3.6% expected
• Ex food and energy -0.1% m/m vs +0.3% expected
• Ex food, energy and trade +3.4% vs +3.5% prior
• Ex food, energy and trade +0.1% vs +0.4% prior

This is some welcome cooling that shows some disinflation is in the pipeline and there will be more with the recent drops in oil and commodity prices.

• Energy prices dropped 4.0%
• Food prices decreased 2.1%
• Gasoline prices fell 11.1%, accounting for two-thirds of the goods decline

This article was written by Adam Button at www.forexlive.com.