US: Annual Core PPI rises to 2.5% in February vs. 2.6% expected

• Annual Core PPI continued to rise in February.
• US Dollar Index clings to strong daily gains, stays below 92.00.

The Producer Price Index (PPI) in the US for final demand fell to 0.5% in February from 1.3% in January as expected, the monthly report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI rose to 2.8% from 1.7%.

Further details of the publication revealed that the annual Core PPI climbed to 2.5% from 2% but came in slightly lower than analysts' estimate of 2.6%.

Market reaction

The US Dollar Index (DXY) edged slightly lower after this report but remains in the positive territory. At the moment, the DXY is up 0.38% on the day at 91.77.