In the US, producer prices remained below expectations, increasing by 3.2 percent.

The US Department of Labor released Producer Price Index (PPI) data for February. According to the data, PPI remained unchanged compared to the previous month in February. Expectations were for a 0.3 percent increase during this period, while PPI had increased by 0.6 percent on a monthly basis in January. Producer prices increased by 3.2 percent on an annual basis in February. Market expectations were for producer inflation to be 3.3 percent on an annual basis in February. The annual increase in PPI was recorded as 3.7 percent in January. Core PPI, which excludes volatile food and energy prices, decreased by 0.1 percent on a monthly basis in February while increasing by 3.4 percent on an annual basis. It was predicted that core producer inflation would be 0.3 percent on a monthly basis and 3.6 percent on an annual basis during this period. In January, core PPI had increased by 0.5 percent on a monthly basis and by 3.8 percent on an annual basis. PPI provides insights into final product prices and headline inflation by measuring the prices of inputs used in production. The Federal Reserve in the US closely monitors all inflation indicators, including PPI.