Editor's PiCK
US February PPI Remains 'Unchanged' at 0.0% Month-on-Month... Below Expectations
Summary
- The report stated that US February PPI remained unchanged at 0.0%, below expert forecasts.
- The core producer price index also showed a 0.1% decrease, lower than market expectations, which is drawing investors' attention.
- Producer prices are considered a leading indicator of consumer prices and are reflected in final consumer goods prices after a certain time lag.
The US February Producer Price Index (PPI) came in below expert forecasts.
The US Department of Labor announced on the 13th (local time) that the month-on-month increase in February PPI was recorded at 0.0%. This figure is below expert projections (0.3%). Compared to the same period last year, it rose 3.2%, falling short of expectations (3.3%).
The core producer price index, which excludes energy and food, decreased by 0.1% from the previous month. This is below market expectations (0.3%). Compared to the same period last year, it increased by 3.4%.
The producer price, also known as wholesale price, is considered a leading indicator of consumer prices. This is because producer prices are reflected in final consumer goods prices after a certain time lag.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
