Latest US Producer Price Index Data for February Surpasses Forecasts
Thursday, 14 March 2024, 12:30
US February PPI Data Overview:
US Producer Price Index (PPI) for February grew by 1.6% year-on-year and 0.6% month-on-month, surpassing expectations.
Key Highlights:
- Core PPI (excl. food and energy) rose by 2.0% y/y, slightly beating estimates.
- Overall PPI showed increased inflationary pressures compared to previous data.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.