US core PPI prints at 3.6% vs 3% forecast, headline PPI YoY at 2.9% against 2.6% estimate

US core Producer Price Index (PPI) registered 3.6%, overshooting the 3% market expectation, while headline PPI year-on-year came in at 2.9% versus a 2.6% forecast. PPI excluding Food, Energy and Trade components rose 3.4% year-on-year, highlighting stronger-than-expected underlying producer price pressures.