US core factory gate prices, Producer Prices ex Food and Energy (Core PPI), an important inflation metric, is scheduled for release at 12:30 GMT, with economists expecting a drop to 1.9% YoY registered in February from 2.0% in January.
On a month-on-month basis, Core PPI is forecast to show a 0.2% rise versus the 0.5% advance seen in the previous month.
The headline Producer Price Index (PPI) is forecast to show a 1.1% YoY gain versus 0.9% in January, and a 0.3% gain MoM, the same as previous.
Since the PPI informs base costs that feed into the Consumer Price Index (CPI), the data is an important leading indicator for CPI inflation. If retailers have to pay more for their goods wholesale, they will usually pass on the increase to consumers.
US Retail Sales, also out at 12:30 GMT, are forecast to rebound in February, registering a 0.8% rise against the 0.8% decline in January. Higher-than-expected sales tend to spur inflation with implications for interest rate policy and the USD.
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