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The acceleration of inflationary pressures was confirmed today by the publication of the producer price index, which flew 11.2% on an annual basis in March, from the previous + 10%, and over the + 10.6% estimated by the consensus . This is the highest surge since the US government began to release the data, that is, since November 2010. On a monthly basis, inflation grew by 1.4%, over the estimated + 1.1%.
Core inflation – formerly the prices of energy and food goods – increased at an annual rate of 9.2%, well above the + 8.4% forecast by economists. On a monthly basis, the core PPI rose by 1%, more than the estimated + 0.5%.