FX.co ★ US Producer Prices Set for Biggest Rise in 4 Years

US producer prices are expected to rise by 1.1% month-on-month in March 2026, the largest increase since March 2022, driven mainly by a spike in energy costs linked to the conflict with Iran. This follows a 0.7% gain in February. Core PPI, which excludes food and energy, is projected to increase by 0.5%, matching the previous month and indicating that the oil-related price shock has not yet broadly spread through the economy. On a yearly basis, headline producer inflation is forecast to accelerate to 4.6%—its highest level since February 2023—up from 3.4% in February. The annual core rate is also expected to rise for the fourth consecutive month, reaching 4.1%, likewise its highest level since February 2023.