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Producer prices fall

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Producer prices fall

0.2% decrease follows a 0.3% increase in November.

The seasonally-adjusted Producer Price Index for final demand decreased 0.2% in December, the U.S. Bureau of Labor Statistics reported today.  This followed a 0.3% increase in November, and a 0.4% decrease in October.

Analysts had expected the PPI to fall 0.2% during the month.

The results were largely attributed to falling oil prices, which dropped a whopping 3.4% in December.

In the 12 months through December, producer prices fell 1.0%, which is the largest annual decline since the Index was introduced in 2010.

Producer prices excluding volatile food and energy costs increased 0.2%, after a 0.1% increase in November.  This key measure was up 0.3% over the last 12 months.

 

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