US Producer Price Index reveals inflation situation

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Bureau of Labor Statistics has published the Producer Price Index and the Core Producer Price index. These data sets provide insight into price changes at the wholesale level. Inflation has turned out to be much higher than expected.

The US Dollar reacted to the news with a 0.25% surge upwards, erasing prior losses. The Dollar surge is attributed to the fact that higher inflation is set to pressure the US Federal Reserve to increase USD interest rates.

Producer Price index showed a monthly increase of 0.5% instead of expected 0.3% increase. Meanwhile, the core PPI also rose by 0.5% instead of expected 0.2%.
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