Producer prices rose less than expected in December, encouraging investors
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared with a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.
US producer prices rise moderately in December
The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.
US inflation still slowing as producer prices rise below expectations in December
U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.
U.S. Producers’ Selling Prices Rose by 0.2% in December
The December figure marked a deceleration from monthly producer-price increases in November, when prices rose by 0.4%.
US Producer Prices Rose 0.2% Last Month on Higher Energy Costs
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared to a year earlier,
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