US: PPI dropped 0.6% MoM in March

FXstreet.com (Barcelona) - The Labour Department reported that producer Prices contracted 0.6% MoM during March, missing expectations at -0.2% and February’s print at 0.7%. Over the last twelve months, prices rose 1.1% vs. the median at 1.4% and previous 1.7%.

Ex food and energy, wholesale prices rose 0.2% MoM and 1.7% YoY.