US: Annual PPI rises 0.1% in June vs. 0.4% expected
|- Producer inflation in the US increased only 0.1% on a yearly basis in June.
- US Dollar Index stays in negative territory below 100.50.
The Producer Price Index (PPI) for final demand in the US rose 0.1% on a yearly basis in June, down from the 0.9% increase recorded in May, the data published by the US Bureau of Labor Statistics revealed on Thursday. This reading came in lower than the market expectation of 0.4%.
The annual Core PPI increased 2.4% in the same period, compared to the market expectation of 2.6%. On a monthly basis, the PPI and the Core PPI both rose 0.1%.
Market reaction
The US Dollar stays under modest bearish pressure after this data and the US Dollar Index was last seen losing 0.25% on the day at 100.30.
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