US: Annual PPI rises 2.3% in April vs. 2.4% expected

Annual producer inflation in the US rose at a softer pace than expected in April.
US Dollar Index stays in positive territory above 101.50.

Eren Sengezer FXStreet

The Producer Price Index (PPI) for final demand in the US rose 2.3% on a yearly basis in April, down from the 2.7% increase recorded in March, the data published by the US Bureau of Labor Statistics revealed on Thursday. This reading came in lower than the market expectation of 2.4%.

The annual Core PPI increased 3.2% in the same period, compared to the market expectation of 3.3%. On a monthly basis, the PPI and the Core PPI both came in at +0.2%.

Market reaction

The US Dollar Index largely ignored these figures and was last seen rising 0.3% the day at 101.72.

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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