US Annual PPI Climbs to 10% in February

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%.