Wholesale prices rose 0.2% in December, less than expected

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New Report Shows Producer Prices Rose in December

A new government report shows a slight uptick in producer prices, hinting at ongoing inflation concerns but not enough to change the expectation that the Federal Reserve will hold rates steady until the second half of the year. Key Facts: • The Producer Price Index (PPI) for final demand grew by 0.2% in December, following a 0.4% increase in November. • PPI jumped 3.3% year-over-year in December, partly due to lower energy prices dropping out of…

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Inflation still slowing as producer prices rise below expectations | Honolulu Star-Advertiser

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. The moderation in producer inflation reported by the Labor Department today did not change the view that the Federal Reserve would not cut interest rates again before the second half of this year amid labor m…

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Producer prices rose less than expected in December, encouraging investors

U.S. wholesale inflation rose 0.2% last month on higher energy prices.

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US Wholesale Prices Rise Less Than Market Forecast

A monthly measure of prices paid for goods and services by businesses rose at a slower-than-expected pace in December 2024, temporarily relieving economists concerned about renewed inflationary pressures. According to the Bureau of Labor Statistics (BLS), the producer price index (PPI) rose by 0.2 percent monthly in December 2024, down from 0.4 percent in November 2024. This came in below the market forecast of 0.3 percent. On a year-over-year b…

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Washington. Wholesale inflation was below what was expected in the United States in December, according to official data published on Tuesday.The Producer Price Index (PPI) increased 0.2% last month compared to November, the Labor Department said, below the 0.4% that analysts expected according to the consensus gathered by Briefing.com.The report will bring some calm to the markets, concerned about this week's inflation data that will be key to …

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ThePatriotLight - U.S. producer prices rose 0.2% last month on higher energy costs

ThePatriotLight - U.S. wholesale inflation rose last month on higher energy pricesU.S. producer prices rose 0.2% last month on higher energy costs