US annual PPI inflation declines to 3.2% in February vs. 3.3% expected
- Producer inflation in the US softened in February.
- US Dollar Index stays in positive territory above 103.50.
The Producer Price Index (PPI) for final demand in the US rose 3.2% on a yearly basis in February, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 3.7% increase recorded in January and came in below the market expectation of 3.3%.
The annual core PPI rose 3.4% in the same period, down from 3.8% in January. On a monthly basis, the PPI was unchanged, while the core PPI declined by 0.1%.
Market reaction
The US Dollar Index showed no immediate reaction to these data and was last seen rising 0.25% on the day at 103.80.
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.
