Industrial product prices rose 1.2% M/M, below expectations for a 1.8% gain…

… despite a 7% increase in chemical products, which have accelerated in each of the last three months on Iran shipping disruptions.

While energy product prices remain elevated, the pace of growth is slowing…

… and with a signed MOU bringing us closer to a resolution, the biggest PPI driver of late could be heading in the other direction.



