Core producer prices rise more than expected
Producer prices were flat in March from the previous month while the annual figure rose slower than expected. Data published on Thursday by the Labor Department showed core prices rose more than expected compared to the same period last year. Monthly factory prices jumped higher than forecast and more than the previous month.
PPI m/m was flat in March versus consensus for 0.3%, from 0.4% in February and PPI y/y was up 2.8% against a forecast for 3.1%, down from 3.3%. PPI ex food and energy m/m rose 0.3% versus a forecast for an unchanged 0.2% while PPI ex food and energy y/y were up 2.9% versus expectations for 2.8%, but lower than the previous 3.0%.
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