Analysts at TD Securities expect the U.S. producer price index (PPI) to advance 0.3 percent m-o-m in March, up from the 0.1 percent m-o-m recorded in February.

They also added that “if realized, this would be the strongest monthly print since October, likely reflecting this year's steady pick-up in energy prices. That said, the annual headline rate is likely to remain unchanged at 1.9 percent. Core PPI inflation, on the other hand, is likely to print a softer 0.2 percent m-o-m and a stronger 2.4 percent y-o-y in March”.