US producer prices rise by 0.2% in December, slower than anticipated
2025.01.14 09:00
Investing.com – US rose at a slower-than-anticipated rate in December, suggesting a possible easing in inflationary pressures that could factor into how the Federal Reserve approaches future interest rate decisions.
Producer prices index for final demand increased by 0.2% on a month-on-month basis, Labor Department data showed on Tuesday. Economists had anticipated the reading would match November’s pace of 0.4%.
The uptick in December was linked to a 0.6% advance in the index for final demand goods, while prices for services were unchanged, the Labor Department said.
Compared to a year earlier, the ticked up by 3.3%, accelerating from 3.0% in the prior month but cooler than estimates of 3.5%.
(This is a developing story. Please check back later for updates.)
