After the surge in prices in April, May’s Producer Prices fall 0.2% MoM (compoared to a +0.1% expectation). Year-over-year inflation rose 2.0% (down from last month’s 2.1% and missing expectations of 2.4% significantly). This is the first drop since Febuary for the headline and core numbers as it appears vehicle rental appeared to see prices implode.
via Zero Hedge http://ift.tt/1loAwIg Tyler Durden