Quick review of US February PPI data

The U.S. PPI increased by 1.6% year-on-year in February, and the growth rate was higher than the expected value of 1.2%. The previous value was revised from 0.9% to 1%. The core PPI in the United States increased by 2% year-on-year in February, which was higher than the expected value of 1.9% and the same as the previous value.

The main reason for the higher-than-expected growth in U.S. PPI in February was rising fuel and food prices, further indicating that inflation is still increasing. The data shows that the road ahead for Fed policymakers seeking to make greater progress in fighting inflation will not be smooth.