US annual PPI inflation declines to 3.2% in February vs. 3.3% expected

• Producer inflation in the US softened in February.
• US Dollar Index stays in positive territory above 103.50.

The Producer Price Index (PPI) for final demand in the US rose 3.2% on a yearly basis in February, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 3.7% increase recorded in January and came in below the market expectation of 3.3%.

The annual core PPI rose 3.4% in the same period, down from 3.8% in January. On a monthly basis, the PPI was unchanged, while the core PPI declined by 0.1%.

Market reaction

The US Dollar Index showed no immediate reaction to these data and was last seen rising 0.25% on the day at 103.80.