US: Annual PPI rises 2.3% in April vs. 2.4% expected

The Producer Price Index (PPI) for final demand in the United States grew 2.3% year on year in April, down from 2.7% in March, according to data released on Thursday by the US Bureau of Labour Statistics. This number was lower than the market’s prediction of 2.4%.

In the same time, the annual Core PPI grew 3.2%, compared to the market’s forecast of 3.3%. The PPI and the Core PPI both increased by 0.2% on a monthly basis.