US annual producer inflation climbs to 6% in April vs. 4.9% expected
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), rose to 6% on a yearly basis in April from 4.3% in March, the US Bureau of Labor Statistics (BLS) reported on Wednesday.
  • Producer inflation in the US rose at a stronger pace than expected in April.
  • The US Dollar Index stays in positive territory at around 98.50.

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), rose to 6% on a yearly basis in April from 4.3% in March, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading surpassed the market expectation of 4.9% by a wide margin and it was the highest since December 2022.

On a monthly basis, the PPI rose 1.4%, following the 0.7% increase recorded in March and coming in well above analysts' estimate of 0.5%.

Other details of the report showed that the PPI ex Food & Energy was up 5.2% YoY in April, compared to the market forecast of 4.3%.

Market reaction

The US Dollar (USD) Index continues to push higher in the early American session and was last seen rising 0.26% on the day at 98.55.


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KUOTASI LANGSUNG

Nama / Simbol
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% Perubahan / Harga
GBPUSD
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EURUSD
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USDJPY
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