US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
- Producer inflation in the US softened unexpectedly in March.
- US Dollar Index stays deep in negative territory below 100.00.
The Producer Price Index (PPI) for final demand in the US rose 2.7% on a yearly basis in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 3.2% increase recorded in February and came in below the market expectation of 3.3%.
The annual core PPI rose 3.3% in the same period, down from 3.5% in February. On a monthly basis, the PPI and the core PPI declined 0.4% and 0.1%, respectively.
Market reaction
The US Dollar Index stays under heavy bearish pressure in the American session on Friday and was last seen losing 1.2% on the day at 99.65.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Recommended Articles
Featured Tools
Top News
Nvidia Stock Prediction: Can NVDA Hit $1,000 by 2030?

UAE Exit from OPEC: Will Kazakhstan Be Next Amid Shifts Toward Lower Oil Prices?

Apple Earnings Imminent, UBS Raises Price Target: Can Cook Deliver Stellar Results Before Stepping Down?

Goldman Sachs: Structurally Bullish on Gold to $5,400, But Warns of Short-Term Pullback

$4,500 Becomes Life-or-Death Line for Gold Bulls, Will Gold Prices Continue to Fall This Week?

Tradingkey







