Institutions: US PPI data lower than expected but future inflation remains uncertain

On January 14th, Jinshi data, analysts at IGM said that US December PPI inflation was far below expectations. The overall data rose by 3.3% year-on-year, lower than the market consensus forecast of 3.5%, while the index excluding food and energy rose by only 3.5% year-on-year, lower than the expected 3.8%. These data are a positive signal for the next action of the Federal Reserve, but it does not necessarily mean that people will see soft CPI results in the coming months.