In what could be early signs of inflation creeping into the consumer price index, Japan's PPI posted a surprise increase in July. Official data from the Bank of Japan on Thursday showed that producer prices increased 0.40% in July, beating estimates of a 0.10% increase. July's PPI reading marks an increase in nearly 6 months after PPI remained stagnant at 0.20% growth. On a month over month basis, PPI was seen rising 0.40%. Driving prices at the factory gate higher were individual components with prices for advertising, communications and leasing while prices for transportation and postal activity fell during the same period.
Markets await Janet Yellen's speech
Daily Analysis - 26/08/2016