Barclays Research Team is out with its take on today’s US PPI data that will be reported at 1230GMT.
“We expect final demand PPI to have risen by 0.3% on the month (2.4% y/y) in January.
For core PPI, we forecast an increase of 0.2% m/m and 2.0% y/y.
We look for a substantial increase in energy prices, while we also expect food prices to stage a firm rebound. Final demand PPI has gradually picked up over the past year as the drag from the energy component has diminished.”
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