The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before.
Where prices did climb — warehousing and transportation — points to an inventory build. Upcoming CPI will make the inflation picture clearer.
A column chart titled "Monthly change in US Producer Price Index" that tracks the metric over the past year. Input prices rose 0.2% in December. Stocks on Wall Street were trading mostly lower.
Food prices have been a consistent driver of inflation but prices at the supermarket moderated throughout much of 2024. The Consumer Price Index for food c ...
Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...
US Producer Prices Rose 0.2% Last Month on Higher Energy Costs WASHINGTON (AP) — U.S. wholesale inflation rose last month on higher energy prices. The Labor Department reported Tuesday that its ...
WASHINGTON (AP) — U.S. wholesale inflation rose last month on higher energy prices. The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits ...