In August, US headline PPI dropped -0.1% mom versus expectation of 0.2% mom rise. Year-over-year rate also slowed from 3.3% yoy to 2.8% yoy, below expectation of 3.2% yoy.
Core PPI dropped -0.1% mom versus expectation of 0.2% mom. Year-over-year rate also slowed from 2.7% yoy to 2.3% yoy, below expectation of 2.8% yoy.
That’s also the first monthly decline in 1.5 years February 2017. Decline in food prices and trade serves offset the increase in energy costs.
Dollar trades mildly lower against Yen after the remains, but stays range-bound against others.
