After a delay, the wholesale inflation reading for March was finally released, showing higher than expected figures. The producer price index (PPI) it rose 1% in March, while the market consensus was for an increase of 0.5%. In February it had increased 0.5%. The annual rate went from 2.8% to 4.2%, reaching the highest level since February 2011.
The IPP subyacente it advanced 0.7% in March, also higher than the market consensus, which in this case was 0.2%. Compared to twelve months ago, the index was up 3.1%.
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