German July PPI Preview: Expect 0.7% m-o-m
German producer price inflation is expected to have slowed to 0.7% in July compared to 0.9% the month prior. The annual rate of price growth is forecast at 7.6% vs. 6.7% in June, which was at a 26yr high.
PPI beat expectations last time around, and it could happen again. Commodity prices were high in the period. Plus, core PPI has been rising, too. In June, PPI ex-energy was up 3% y-o-y, an increase from 2.9% in May. The data will be released at 6a.m. GMT and broadcast live on Need to Know News’ Scream Audio.