US December PPI 1.0% vs 1.3% expected

<ul><li>Prior was +0.9% y/y (revised to +0.8%)</li><li>PPI m/m -0.1% vs +0.1% expected</li></ul><p>Core:</p><ul><li>PPI ex food and energy YoY 1.8% versus 1.9% expected. Prior month 2.0%</li><li>PPI ex food and energy MoM 0.0% versus +0.2% expected. Prior month 0.0%</li><li>PPI Ex food and energy/trade 2.5% versus 2.5% last month (revised from 2.4%)</li><li>PPI Ex food and energy/trade 0.2% versus 0.1% last month</li></ul><p>The US dollar has softened on these numbers and a bid has returned to the front end of the bond market. This will harden some traders' belief that lower inflation is only a matter of time.</p>

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