Sponsored By


US: Annual PPI falls to 10.8% in May vs. 10.9% expected

The annual pace of producer price inflation in the US according to the Producer Price Index (PPI) fell slightly to 10.8% from 10.9% a month earlier, a tad below expectations for it to remain unchanged at 10.9%. MoM, PPI showed prices rising 0.8% in May, in line with expected, but up from 0.4% a month earlier (revised lower from 0.5%). 

The Core PPI showed the annual inflation rate at 8.3%, below the expected 8.6%, while the MoM gain in Core PPI was 0.5%, below the expected 0.6%, but still up from last month's 0.2%. 

Market Reaction

The US dollar has been pulling back a tad in wake of slightly weaker than expected PPI data, recently dipping back below 105.00, but still remains at fairly elevated levels. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


Loading ...

Copyright © 2022 FOREXSTREET S.L., All rights reserved.

We use cookies to enhance your experience like remembering your Time Zone. We have updated our privacy policy please check our Terms&Conditions

Download the app and have all the news on your phone!