Tuesday, January 15, 2013

U.S. PPI falls 0.2% in December; core PPI up 0.1%

Investing.com - Producer price inflation in the U.S. fell for the third consecutive month in December, while core prices eased up slightly, official data showed on Tuesday. 

In a report, the Bureau of Labor Statistics said that producer prices fell by a seasonally adjusted 0.2% in December, compared to expectations for a 0.1% decline, after falling 0.8% in November.

Year-over-year, the producer price index rose at an annualized rate of 1.3% last month, below expectations for a gain of 1.4%. PPI rose at an annualized rate of 1.5% in November.

The core producer price index eased up 0.1% in December, in line with expectations after rising 0.1% in November. 


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