Producer price index for September 2020:
- Ex food and energy +0.4% vs +0.2% exp
- PPI +0.4% y/y vs +0.2% exp
- Ex food and energy y/y +1.2% vs +1.0% exp
- EX food, energy and trade y/y +0.7% vs +0.5% exp
Energy is the big drag while services prices will rise as fast as Microsoft wants them to.
