US: Annual PPI climbs to 10% in February as expected

• Annual PPI in US jumped to 10% in February as expected.
• US Dollar Index stays deep in negative territory below 99.00.

The Producer Price Index (PPI) for final demand rose to 10% on a yearly basis in February from 9.7% in January, the data published by the US Bureau of Labor Statistics announced on Tuesday. This reading matched the market expectation.

Annual Core PPI, which excludes food and energy prices, edged higher to 8.4% from 8.3% but this print came in lower than analysts' estimate of 8.7%.

Market reaction

This report doesn't seem to be having a significant impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was down 0.35% on a daily basis at 98.75.