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US producer prices rose 0.5% in December, more than expected, on uptick in services inflation
U.S. wholesale prices rose a hotter-than-expected 0.5% in December. The Labor Department reported Friday that its producer price index — which measures inflation before it hits consumers — rose from November to December at the fastest pace in three months and faster than the 0.3% economists had forecast. Compared to December 2024, producer prices were up 3% last month, which was in line with what forecasters expected. Services prices were up 0.7% from November, the biggest increase since July, mostly reflecting fatter profit margins at wholesalers and retailers. But the price of goods — such as appliances and ... (full story)
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