US: Annual PPI climbs to 11.3% in June vs. 10.7% expected

• Annual PPI in US jumped above 11% in June.
• US Dollar Index clings to strong daily gains above 108.50.

The Producer Price Index (PPI) for final demand in the US climbed to 11.3% on a yearly basis in June from 10.9% in May, the data published by the US Bureau of Labor Statistics revealed on Thursday. This print surpassed the market expectation of 10.7%.

The annual Core PPI edged lower to 8.2% in the same period from 8.3% but came in slightly higher than analysts' estimate of 8.1%. On a monthly basis, Core PPI was 0.4%. 

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen rising 0.65% on the day at 108.70.