News

US: Annual PPI comes in at 1.7% in June vs. 1.6% expected

  • Producer Price Index rises 0.1% on a monthly basis in June.
  • Annual core PPI matches May’s reading of 2.3%. 
  • US Dollar Index doesn’t react to the PPI figures. 

According to the monthly report published by the U.S. Bureau of Labor Statistics, the Producer Price Index in June rose 1.7% on a yearly basis following May’s 1.8% reading and came in slightly above the market expectation of 1.6%. On a monthly basis, the PPI increase 0.1% to match the previous month’s reading.

On the other hand, the core PPI, which excludes the volatile food and energy prices, was 0.3% and 2.3% on a monthly and yearly basis, respectively.

The US Dollar Index largely ignored these reading and was posting small losses at 97.02.

Articles You May Like

Forex Today: USD weakness extends, trade tensions mount, Silver surges
EURUSD May Rise if Sentiment Data Amplifies Fed Rate Cut Bets
NZD/USD buoyed as buyers search for break above key daily resistance levels
JPY Futures: further upside on the cards
NZD/USD hit the 0.6785 target

Leave a Reply

Your email address will not be published. Required fields are marked *