US PPI rises 0.2% mom, 3.3% yoy in Dec, miss expectations

US producer prices rose modestly in December, with PPI for final demand increasing by 0.2% mom, falling short of market expectations of 0.3%. The gain was driven primarily by 0.6% mom increase in goods prices, which included a sharp 3.5% rise in energy costs. In contrast, prices for services remained flat. Excluding the more volatile […]

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