Producer prices in the US fell short of expectations.

Foreks - Following the consumer price data released in the U.S. yesterday, analysts shifted their focus to producer prices, which came in below expectations. According to the U.S. Bureau of Labor Statistics (BLS), there was no change in final demand producer prices in February compared to the previous month. Market expectations had projected a 0.3% increase in producer prices, following a 0.4% rise in January.

Year-over-year, producer prices increased by 3.2% in February, while analysts had predicted a decrease from the previous month’s 3.5% growth to 3.3%. Core producer prices, excluding food and energy, decreased by 0.1% monthly but rose by 3.4% annually. Analysts had anticipated a 0.3% monthly increase and a 3.6% annual rise. Meanwhile, core producer prices excluding food, energy, and trade grew by 0.2% monthly and 3.3% annually. Energy prices fell by 1.2%, while food prices increased by 1.7%.