US March PPI Slightly Below Expectations: MoM 0.2%, YoY 2.1%, Core 0.2% MoM, Core 2.4% YoY

In March, the US Producer Price Index (PPI) rose by 0.2% on a monthly basis, below the expected 0.3%. The core PPI also increased by 0.2% monthly, meeting expectations. On a yearly basis, the PPI was up by 2.1%, slightly below the anticipated 2.2%. The core PPI, excluding food and energy, rose by 2.4% annually, surpassing the expected 2.3%.