A possible catalyst for PM to move up today. "The CPI increased 0.5 percent in June, the largest increase since February, after nudging up 0.1 percent in May. Gasoline prices accounted for about two thirds of the increase in the CPI.
Economists polled by Reuters had expected consumer inflation to increase 0.3 percent last month.
In the 12-months through June, consumer prices advanced 1.8 percent after rising 1.4 percent in May. It was also the largest increase since February."