A measure of wholesale prices rose less than expected in December, giving an indication that pipeline inflationary pressures eased at the end of the year.
The producer price index rose just 0.2% on the month, less than a 0.4% increase in November and below the Dow Jones consensus estimate of 0.4%, according to a report from the Bureau of Labor Statistics on Tuesday.
Excluding food and energy, the so-called core PPI was unchanged compared to a forecast of 0.3% growth. Excluding food, energy and trade services, the measure rose by just 0.1%.
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