Way above forecasts of 0.2% m/m for Headline 0.6% m/m and ex Food & Energy 0.5% m/m, though ex Food, Energy & Trade 0.2%
Quite a lot of pressure points: Energy 2.7%, Food 1.0%, the ever volatile Trade Services +1.6%, very notably Construction 1.9% - all m/m - quite a lot in those that could feed quite quickly through to CPI - and NB PPI Personal Consumption 0.8% m/m! With respect to the latter, this is all the more interesting in the context of this chart posted on Reuters last weekend about consumer companies starting to push through price hike
From Marc Ostwald