{"id":248965,"date":"2024-02-17T06:10:51","date_gmt":"2024-02-17T00:40:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=248965"},"modified":"2024-02-17T06:10:51","modified_gmt":"2024-02-17T00:40:51","slug":"us-annual-ppi-inflation-declines-to-0-9-in-january-vs-0-6-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-annual-ppi-inflation-declines-to-0-9-in-january-vs-0-6-expected-crypto-news\/","title":{"rendered":"US annual PPI inflation declines to 0.9% in January vs. 0.6% expected &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Producer inflation in the US declined at a softer pace than expected in January.\u00a0<\/strong><\/li>\n<li><strong>US Dollar Index climbed above 104.50 with the immediate reaction.<\/strong><\/li>\n<\/ul>\n<p>The Producer <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Price Index<\/a> (PPI) for final demand in the US rose 0.9% on a yearly basis in January, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 1% increase recorded in December but came in above the market expectation of 0.6%. \u00a0<\/p>\n<p>The annual Core PPI rose 2% in the same period, compared to December&#8217;s increase of 1.7% (revised from 1.8%). On a monthly basis, the Core PPI was up 0.5% following the 0.1% decline recorded in the previous month.<\/p>\n<h2 class=\"fxs_headline_medium\">Market reaction<\/h2>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar<\/a> Index gathered bullish momentum with the immediate reaction to the hot producer inflation data and was last seen rising 0.3% on the day at 104.60.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Producer inflation in the US declined at a softer pace than expected in January.\u00a0 US Dollar Index climbed above 104.50 with the immediate reaction. The Producer Price Index (PPI) for final demand in the US rose 0.9% on a yearly basis in January, the data published by the US Bureau of Labor Statistics showed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":248966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,843,255,250,1064,252,247,2171,253,249,334,256,254],"class_list":["post-248965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-economicindicator","tag-gta","tag-looks-rare","tag-manufacturing","tag-oracle","tag-polygon","tag-ppi","tag-quickswap","tag-safe-moon","tag-unitedstates","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=248965"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248965\/revisions"}],"predecessor-version":[{"id":248967,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248965\/revisions\/248967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/248966"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=248965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=248965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=248965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}