Prior YoY was +3.0% PPI M/M +0.5% vs 0.3% expectedPrior +0.5% (revised to 0.4%)Core PPICore PPI Y/Y +3.6% vs +3.0% expectedPrior +3.3% Core PPI M/M +0.8% vs +0.3% expectedPrior Core PPI MoM +0.7% (revised to 0.6%)WHAT THE US PPI MEASURES?The Producer Price Index (PPI) is an economic indicator that measures the average change over time in the selling prices received by domestic producers for their output. In simpler terms, it tracks inflation from the perspective of the seller/business rather than the consumer like the Consumer Price Index (CPI). This article was written by Greg Michalowski at investinglive.com.