According to analysts at TD Securities, the US producer price index is expected to advance 0.3% m/m in March, up from the 0.1% recorded in February.
Key Quotes
“If realized, this would be the strongest monthly print since October, likely reflecting this year’s steady pick-up in energy prices. That said, the annual headline rate is likely to remain unchanged at 1.9%. Core PPI inflation, on the other hand, is likely to print a softer 0.2% m/m and a stronger 2.4% y/y in March.”
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