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9 May

By Ahmed Mamdouh

Category: Forex News

 266       28       24             

US producer prices slow in April

U.S. producer prices showed deceleration in April, ahead of the consumer prices data due on Thursday that may give clearer picture about inflation.

The producer price index (PPI) saw a 0.1 percent increase last month, below forecasts of 0.s percent increase, following a 0.3 percent rise in March. The year-on-year reading showed an slowdown to 2.6 percent from a previous of 3.0 percent.

Core PPI showed 0.2 percent rise, similar to forecasts, compared to a prior of 0.3 percent advance.

The dollar index is meanwhile trading lower at 92.79, as it erased its earlier gains when it hit a top of $93.25.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.