US producer inflation is below forecasts

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


The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. In general, the data has revealed below expected inflation. The US Dollar is reacting to the news by declining.

PPI showed a reading of 0.1% instead of expected 0.2%. The Core PPI showed 0.00% change instead of forecast growth of 0.2%.

This data release consisted of two important numbers, the Producers Price Index and the Core Producer Price Index. The core number excludes food and energy prices. These datasets reveal price increases at the production and wholesale level. Namely, what businesses and firms pay for resources, services and products.
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Wed, 14 Aug 2024 12:33:41 GMT

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