US: Producer Price Index (YoY) rose to 2.2% in March vs 1.9% expected

Eren Sengezer FXStreet

"The Producer Price Index for final demand rose 0.6 percent in March, seasonally adjusted," the U.S. Bureau of Labor Statistics reported on Thursday.

Key quotes

Final demand prices edged up 0.1 percent in February and decreased 0.1 percent in January.
- On an unadjusted basis, the final demand index increased 2.2 percent for the 12 months ended in March, the largest 12-month rise since a 2.5-percent advance in December 2018.
On an unadjusted basis, the final demand index increased 2.2 percent for the 12 months ended in March, the largest 12-month rise since a 2.5-percent advance in December 2018.
The index for final demand less foods, energy, and trade services was unchanged in March following a 0.1-percent advance in February.
- For the 12 months ended in March, prices for final demand less foods, energy, and trade services rose 2.0 percent.

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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