U.S Producer Prices Increase 0.3% in February

U.S. producer prices moderated in February, but the trend pointed to a steady building up of inflation pressures.

The Labor Department said on Tuesday its producer price index for final demand increased 0.3 percent last month after rising 0.6 percent in January.

In the 12 months through February, the PPI jumped 2.2 percent after rising 1.6 percent in January. Economists polled by Reuters had forecast the PPI edging up 0.1 percent last month and rising 2.0 percent year-on-year.

Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell