Quite surprising. Headline PPI of 0.4% is below, expectations, and core at -0.6% is really big. Very odd, considering all the talk about prices rising at the producer level.
Stocks are heading for a lower open, though not dramatically so.
You can find more here.
Background: Everybody knows that wholesale/commodity pricing has been hot lately, and analysts are expecting a 0.8% headline number. That would be up significantly up from 0.4% last month. Core PPI is only expected to come in at 0.1%.
What will be really interesting is CPI tomorrow, to get a sense of how badly end pricing is failing to keep up with what producers are paying, thus devastating margins.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.