- Prior was 4.0% y/y (revised to 3.7%)
- Prices +0.8% m/m vs +0.5% prior (revised to +0.2%)
- Raw materials price index +8.4% y/y vs +3.2% prior (revised to 3.0%)
- Raw materials price index +1.7% m/m vs -0.6% prior (revised to -0.8%)
I think we might be deluding ourselves about inflation risks, given that these hot numbers have come at a time of plunging oil prices.
