United States publish Producer Price Index

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Source: Dukascopy Bank SA


The United States Bureau of Labor Statistics has just published the monthly US Producer Price Index and Core Producer Price Index. The data reveals inflation at the manufacturing level. In theory inflation at the producer level is followed by inflation at the consumer level.

The PPI was expected to show an increase of 0.3% and the Core PPI was forecast to have grown by 0.2%. Instead the PPI was revealed to increase by 0.5% and the Core PPI shows growth of 0.3%. Inflation is higher than expected.

US Dollar index reacted to the publication with a spike upwards.
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