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US CPI rose less than expected

The Consumer Price Index increased 0.1% in March on a seasonally adjusted basis, missing forecasts on increase by 0.2%. Over the last 12 months, the all items index rose 0.9% before seasonal adjustment. The food index declined in March, while the indexes for energy and for all items less food and energy rose, leading to the slight seasonally adjusted increase in the all items index. The food index fell 0.2% after rising in February, as five of the six major grocery store food groups declined.  Read more...

Euro area annual inflation at 0.0%

Euro area annual inflation was 0.0% in March 2016, up from -0.2% in February. In March 2015 the rate was -0.1%. European Union annual inflation was also 0.0% in March 2016, up from -0.1% in February. A year earlier the rate 
was -0.1%.  
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UK CPI increased by 0.5%

UK Consumer Prices Index (CPI) rose by 0.5% in the year to March 2016, compared with a 0.3% rise in the year to February. Analysts were predicting smaller increase by 0.3%. The rate has increased gradually since October 2015 although is still relatively low in the historical context. Rises in air fares and clothing prices were the main contributors to the increase in the rate between February and March 2016. These upward pressures were partially offset by a fall in food prices and a smaller rise in petrol prices than a year ago.


The price of goods bought and sold by UK manufacturers, as estimated by the producer price index, continued to fall in the year to March 2016. Factory gate prices (output prices) for goods produced by UK manufacturers fell 0.9% in the year to March 2016, compared with a fall of 1.1% in the year to February 2016. Core factory gate prices, which exclude the more volatile food, beverage, tobacco and petroleum products, rose 0.2% in the year to March 2016, compared with a rise of 0.1% in the year to February 2016. The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) fell 6.5% in the year to March 2016, compared with a fall of 8.2% in the year to February 2016.

 

Sterling is currently being traded few points above 1.43 level. Pair is likely to find support around 1.4250 handle and resistance above 1.4350 level. There will be no major data releases later today.

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China's PPI increased for the first time since 2013

China’s consumer prices remained buoyant last month on surging food prices and factory-gate deflation moderated.The consumer-price index was at 2.3% in March from a year earlier, matching February’s level, as food prices jumped 7.6%. Producer price declines narrowed to 4.3% from a drop of 4.9% in February, and posted the first month-on-month increase since 2013. Read more...

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