He United States Producer Price Index (PPI) has risen 0.5% monthly in April after falling 0.1% in March, as published by the Bureau of Labor Statistics. The increase exceeds market expectations, which expected an increase of 0.3%.
He Year-on-year PPI has grown by 2.2%in line with expectations, while the March figure has been revised downwards, going to 1.8% from the 2.1% published a month ago.
Core producer prices (excluding food and energy) have risen 0.5% monthly after falling 0.1% the previous month. The increase exceeds forecasts of 0.2%. The annual indicator has maintained its growth at 2.4%, as expected.
dollar reaction
The Dollar Index (DXY) has initially risen on the release to 105.48, its highest level in three days. The momentum has not continued, and the index is now moving around 105.17, losing 0.05% on the day.
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.
