US inflation still slowing as producer prices rise below expectations in December
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.
While the overall consumer price index rose, the core measure that omits food and energy costs was below estimates.
The Producer Price Index for final demand advanced 0.2 percent while the consensus ahead of the release was a rise of 0.4 percent. Final demand prices rose 0.4 percent in November and 0.2 percent in ...
(RTTNews) - Producer prices in the U.S. rose by slightly less than expected in the month of December, according to a report released by the Labor Department on Tuesday. The Labor Department said ...
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