It is the first of a pair of highly anticipated inflation reports this week, with markets on edge and traders betting on little-to-no easing by the Federal Reserve in 2025. The producer price index rose by 0.
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.
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.
Investors are gearing up for December's crucial consumer price index to determine the direction of Fed policy.
Producer prices rose less than expected in Dec, easing Fed's inflation concerns and providing relief to markets. Core PPI also flattened.
A gauge of wholesale inflation rose 0.2% in December from November, a softer reading than economists expected and a slowdown from the prior month. The producer-price index, published by the Labor Department on Tuesday,
Producer output (factory gate) prices rose by 0.1% in the year to December 2024. This is up from a revised fall of 0.5% in the year to November (Figure 1). Monthly output prices also rose by 0.1% in December 2024, following a revised monthly inflation rate of 0.4% in November (Table 1).
Denmark's producer price inflation accelerated to the highest level in more than two years in December, mainly driven by higher
US wholesale inflation unexpectedly cooled in December, helped by a drop in food costs and flat services prices that may help temper concerns of lingering price pressures.
US 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. The moderation in producer inflation reported by the Labor Department this week did not change the view that the Federal Reserve
The PPI for Ghana reports the producer price indices with an index reference period of March 2020-February 2021. The year-on-year service producer price inflation stood at 12.5 per cent in the period under review. The monthly change rate was 0.3 per cent.