The PPI released Wednesday was shockingly high:
The response in the stockmarket was a shrug:
Later today we get the consumer level inflation data:
Consensus in the screenshot:
The ranges of estimates to take note of are:
- Headline CPI m/m minimum 0.2% to maximum 0.6%
- CPI ex Food & Energy y/y 4.0% – 4.2%
- CPI ex Food & Energy m/m 0.2% – 0.4%