- The annual US Producer Price Index (PPI) for January fell at a slower-than-expected pace.
- The Dollar Index remains below 104.00 after the data was released.
He Production Price Index (IPP) for final demand in the US fell to 6% annually in January from 6.5% in December, data published by the US Bureau of Labor Statistics revealed on Thursday. This data exceeded market expectations, which placed it at 5.4%.
The annual core PPI fell from 5.5% to 5.4% in the same period, compared to 4.9% estimated by analysts. In monthly terms, the underlying PPI stood at 0.5%.
market reaction
The Dollar Index experienced a modest rebound on the initial reaction to the PPI data and is trading at time of writing above 103.91, gaining 0.05% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
