CloudC4 News
—

← News

$DXY: PPI Miss at 4.7% Misses the 4.9% Forecast; Energy Drag Isolates

By Ada Morin

CloudC4 Exclusive · Economic · Updated Aug 13, 9:31 PM ET

Producer prices cool faster than expected; energy component drops 1.2% MoM, driving USD weakness.

Loading exclusive…

Key Points

  • July PPI 4.7% YoY vs 4.9% consensus; energy component -1.2% MoM.
  • Core PPI sticky at 3.1% YoY; services ex-housing +0.3% MoM.
  • $DXY breaks 104.50 support, testing 104.20.
  • Geopolitical risk premium in oil not yet translating to producer inflation.

What To Watch

  • 10:00 AM ET Retail Sales data for confirmation of demand resilience.
  • August FOMC minutes for tone on inflation persistence.
  • Crude oil price action; any spike above $90 could reverse energy PPI trend.