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.

Eren Sengezer FXStreet

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.

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