Producer Price Inflation Boiling Along With Trade Pressures

Inflation is boiling in the U.S. or it is distorted by trade tarrifs? US October PPI came out hot +0.6% vs +0.2% m/m expected up from September’s +0.2% m/m. On the year PPI is +2.9% vs 2.5% y/y. The US Dollar rose sharply on the report, the stock markets dumped.