36
- In February, producer inflation in the US rose to 1.6% year-on-year/
- Despite this data, the US Dollar Index remains in positive territory, hovering near 103.00.
According to data released by the US Bureau of Labor Statistics on Thursday, the Producer Price Index (PPI) for final demand in the US increased by 1.6% year-on-year in February. This growth exceeded January’s 1% rise (revised from 0.9%) and surpassed market expectations of 1.1%.
The annual Core PPI, excluding volatile food and energy prices, also rose by 2% in February, consistent with January’s increase. On a monthly basis, the Core PPI showed a 0.3% uptick, outpacing analysts’ forecasts of 0.2%.
Market reaction
Following the immediate response, the US Dollar Index saw a marginal uptick and was recently observed climbing 0.13% for the day, reaching 102.92.
