📝PPI Data Points to Further Slowdown In CPI: UBS

US PPI headline inflation in June was 0.1% Y/y and against a forecast 0.2%. Core PPI, excluding food and energy, were also up 0.1%. Headline y/y slowed to just 0.1% from 0.9% in May -- the slowest pace in three years. The PPI data points to a further slowdown in the CPI inflation.

- UBS