US Producer Price Index Up 6.2% in December... Below Market Expectations

[Asia Economy Reporter Yuri Choi] In December last year, the US Producer Price Index (PPI) rose 6.2% compared to the same month the previous year.

According to Investing.com on the 18th (local time), the December PPI showed a slower increase than November's (7.4%), marking a six-month consecutive slowdown. It was also lower than the market expectation (6.8%).

[Image source=Yonhap News]

Compared to the previous month, the PPI fell by 0.5%.

The core PPI, excluding energy and food, rose 0.1% month-over-month and 5.5% year-over-year. Both growth rates slowed compared to November last year.