- US producer inflation rose at a faster pace than expected in November.
- Dollar Index remains above 106.50 after PPI data.
The Producer Price Index (PPI) for final demand in the US rose 3% on an annual basis in November, according to data released on Thursday by the US Bureau of Labor Statistics. This reading followed the increase of 2.6% registered in October and exceeded the market expectation of 2.6%.
The annual core PPI rose 3.4% in the same period, beating analysts’ estimate of 3.2%. On a monthly basis, the PPI and core PPI rose 0.4% and 0.2%, respectively.
Market reaction
The DXY Dollar Index clings to modest daily gains above 106.50 following November producer inflation data.
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.
