US: Annual core PPI drops to 1.1% vs. 1.3% expected

Annual core PPI falls to 1.1% in December in US.
Greenback struggles to find demand, US Dollar Index stays below 97.30.

Eren Sengezer FXStreet

The Producer Price Index (PPI) in December rose 0.1% on a monthly basis after staying unchanged in November, the data published by the US Bureau of Labor Statistics showed on Wednesday. This reading came in below the market expectation of 0.2%. On a yearly basis, the PPI rose to 1.3% from 1.1% to match analysts' estimates.

On the other hand, the annual core PPI dropped to 1.1% from 1.3%.

The US Dollar Index edged lower on these figures and was last down 0.1% on the day at 97.29.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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