U.S. producer prices rise 0.2% in Dec., less than expected

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 producer prices slow to 3.3% in December 2024
The US producer price inflation slowed in December, signaling a cooling of the overall price level in the world's largest economy. The annual p
Wholesale price inflation rises to 2.37 per cent in December
As per the data, inflation in food items eased to 8.47 per cent in December 2024, as against 8.63 per cent in November. Inflation in vegetable stood at 28.65 per cent, as against 28.57 per cent in November.
Treasuries Close Modestly Higher As Producer Prices Rise Less Than Expected
After moving to the upside early in the session, treasuries showed a lack of direction over the course of the trading day on Tuesday.
Inflation still slowing as producer prices rise below expectations
WASHINGTON >> 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.

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