US Producer Prices Edge Up in December

In a recent report released by the Bureau of Labor Statistics, the United States Producer Price Index (PPI) for final demand experienced a modest increase of 0.2% in December, on a seasonally adjusted basis. This increment, however, did not meet the expectations set by analysts.

Over the past 12 months leading up to December, the unadjusted final demand index saw a rise of 3.3%. A closer look at the components reveals that while the index for final demand services remained unchanged, final demand goods prices saw a 0.6% increase from the previous month.

Furthermore, the PPI, excluding foods, energy, and trade services, recorded a 0.1% increase in December compared to November and marked a significant 3.3% growth throughout 2024.