US: Annual Core PPI Rises to 3.1% in March

The Producer Price Index (PPI) in the US for final demand rose to 1% in March from 0.5% in January, the monthly report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI jumped to 4.2% from 2.8%.

Further details of the publication revealed that the annual Core PPI edged higher to 3.1% in March and came in higher than the market expectation of 2.7%.