What happened?
Producer inflation (final manufactured goods) slowed to +1.0% y/y in February from +1.1% y/y in January.
The last print contrasted with expectations of a higher PPI reading (+1.3% y/y),

This slowdown was primarily driven by unanticipated lower ‘food inflation’ (+4.6% y/y in February, down from +4.8% y/y in January) and ‘electrical machinery & equipment’ (+3.7% y/y, down from +5.1% y/y in January).