Canada December producer price index +0.2% vs +0.6% expected ...Middle East

Prior was +0.6%PPI y/y +4.1% vs +2.2% priorRaw materials price index +1.3% m/m vs -0.5% expectedRaw materials price index +9.1% m/m vs +2.0% expected

The headline here is deceptive as there are some big year-over-year declines. Much of that is base effects with last December's reading of -1.6% m/m rolling off but those headline y/y numbers should give pause.

This article was written by Adam Button at www.forexlive.com.

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