US PPI below expectations

US, PPI inflation for March:

Headline: 2.7% y/y. Forecast: 3.0% y/y. Previously: 4.6% y/y
Base: Currently: 3.4% y/y. Forecast: 3.4% y/y. Previously: 4.4% y/y

In m/m terms, PPI core inflation and the headline reading also come in below market expectations. The core reading falls at -0.1% with expectations at 0.3% level. The headline reading falls at -0.5% m/m against expectations of 0% m/m growth.

Source: Bloomberg

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