The Producer Price Index (PPI) for final demand in the United States exhibited a deceleration in March, according to data released by the Bureau of Labor Statistics. The annual PPI increased by 2.7%, a figure below the anticipated 3.3% and a decrease from February’s 3.2%. The annual core PPI also moderated, rising 3.3% compared to 3.5% the previous month. On a monthly basis, the PPI and core PPI experienced declines of 0.4% and 0.1%, respectively. Following the release, the US Dollar Index experienced significant downward pressure, trading at 99.65, reflecting a 1.2% intraday loss.
