US: Annual Core PPI rises to 3.1% in March vs. 2.7% expected
- Annual Core PPI in US rose more than expected in March.
- US Dollar Index extends daily rebound beyond 92.30 after the data.
The Producer Price Index (PPI) in the US for final demand rose to 1% in March from 0.5% in January, the monthly report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI jumped to 4.2% from 2.8%.
Further details of the publication revealed that the annual Core PPI edged higher to 3.1% in March and came in higher than the market expectation of 2.7%.
Market reaction
The US Dollar Index continue to push higher after this report and was last seen gaining 0.3% on the day at 92.35.
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