US Core PPI Rises 3.6% vs 3% Forecast, Headline PPI at 2.9%

The US core Producer Price Index (PPI) registered 3.6% in the latest reading, exceeding the 3% market forecast, while headline PPI came in at 2.9% year-on-year against a 2.6% estimate. PPI excluding Food, Energy and Trade components rose 3.4% year-on-year.