US: Annual core PPI arrives at 0.1% in June vs. 0.4% expected

• Annual core PPI in US fell more than expected in June. 
• US Dollar Index stays in daily range around 96.70.

The Producer Price Index (PPI) in the US for final demand fell from 0.4% in May to -0.2% in June, the data published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI stayed unchanged at -0.8% and missed the market expectation of -0.2%.

Further details of the publication revealed that the annual core PPI, which excludes volatile food and energy prices, dropped to 0.1% and fell short of analysts' estimate of 0.4%.

Market reaction

The US Dollar Index largely ignored these figures and was last seen posting small daily losses at 96.72.