Annual US PPI Rises To 2.6% Higher Than Market Expectations

The post Annual US PPI Rises To 2.6% Higher Than Market Expectations appeared first on Coinpedia Fintech News

As per the latest release by The U.S. Bureau of Labor Statistics on Friday, the annual Producer Price Index (PPI) inflation in the United States rises to 2.6%, higher than market expectations of 2.3, up from 2.2% last month. Core PPI YoY also came 0.5% higher at 3.0%, much higher than 2.3% in the previous month. In month-over-month change, Producer Price Index have also increased from -0.2% to 0.2%, a rise of 0.4% in a month. Meanwhile, Core PPI rises from 0.3% to 0.4% in a month.