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- US: Annual PPI falls to 11.0% in April vs. 10.7% expected
US: Annual PPI falls to 11.0% in April vs. 10.7% expected
- Annual headline PPI came in at 11.0% in April, a tad above expected, but Core PPI was a tad lower than expected.
- FX markets hardly reacted at all to the data.
The annual rate of US Producer Price Inflation (PPI) fell to 11.0% in April, above expectations for a fall to 10.7% from 11.2% in March, data released by the Bureau of Labour Statistics and Department of Labour showed on Thursday. MoM, headline producer price pressures came in at 0.5% as expected, falling back from a 1.6% MoM gain in March.
The annual pace of Core PPI came in at 8.8%, a tad lower than the expected drop to 8.9% from 9.6% in March. The MoM pace of Core PPI was also a little lower than expected at 0.4% versus expectations for a drop to 0.6% from 1.2% in March.
Market Reaction
FX markets have hardly reacted at all to the latest mixed US inflation data release.
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