March PPI figures
- was +0.2%
- +3.0% y/y vs +2.9% exp
- Prior y/y +2.8%
Core:
- Ex food and energy +0.3% vs +0.2% m/m exp
- Prior ex food and energy +0.2%
There are some inflationary pressures in the pipeline but the market isn't taking notice. Aside from that, there was a huge jump in vegetable prices that likely