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Arsal Rehman
Many people see PPI is high and immediately assume tonight's CPI will also be high.
First, let's clarify the two.
PPI looks at prices on the enterprise side, which rose 0.4% compared to last month, as expected, not higher. Excluding food and energy, it only rose 0.2%, slightly lower than the market's 0.3% estimate.
The real high figure is the year-over-year data, which reached 5.4%, compounded by rising oil prices.
#PPIHotCPINext #OracleAICloudUp121% #BTCSpotETFOutflows
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