U.S. December Producer Prices Final Demand +0.3%
The producer-price index, a measure of the prices businesses
receive for their goods and services, rose a seasonally adjusted
0.3% on the month.
Excluding the often-volatile food and energy categories,
producer prices were up a seasonally adjusted 0.1% in December.
Nearly half of the December increase was attributable to
gasoline prices, which jumped 16.1%, the Labor Department said.
Compared with December 2019, the overall PPI rose 0.8%, with
prices trending up since September, after declining in the spring
and summer. Excluding food and energy, the index increased 1.2%
from a year earlier.
The producer-price measure typically tracks the same as other
inflation gauges, though it does not always translate into what
consumers pay. A gauge of prices paid by the average American, the
consumer-price index, grew a seasonally adjusted 0.4% last
--An artificial-intelligence tool was used in creating this
(END) Dow Jones Newswires
January 15, 2021 09:05 ET (14:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.