The annual increase in the US PPI exceeded market expectations by 2.6%
According to data released by the US Bureau of Labor Statistics on Friday, the annual inflation rate of the Producer Price Index (PPI) in 2019 rose from 2.2% last month to 2.6%, exceeding the market expectation of 2.3%.
The year-on-year increase in the core PPI also rose from 2.3% last month to 3.0%.
Month-on-month, the Producer Price Index rose from -0.2% last month to 0.2%, an increase of 0.4% in one month.
At the same time, the month-on-month growth of the core PPI rose from 0.3% last month to 0.4%.
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