US annual PPI inflation rises to 1.6% in February vs. 1.1% expected

Producer inflation in the US climbed to 1.6% on a yearly basis in February.
US Dollar Index stays in positive territory near 103.00 after the data.

Eren Sengezer FXStreet

The Producer Price Index (PPI) for final demand in the US rose 1.6% on a yearly basis in February, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 1% increase recorded in January (revised from 0.9%) and came in above the market expectation of 1.1%.

The annual Core PPI rose 2% in the same period, matching January's increase. On a monthly basis, the Core PPI was up 0.3%, compared to analysts' estimate of 0.2%.

Market reaction

The US Dollar Index edged slightly higher with the immediate reaction and was last seen rising 0.13% on the day at 102.92.

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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