15 Jan 2014
US: Producer price index rises 0.4% in December
FXstreet.com (Córdoba) - US Producer prices rose 0.4% in December led by a jump in energy costs, the Labor Department reported Wednesday.
The increase follows 2 consecutive months of declines and it is the biggest rise since June. This reading matched market's expectations.
Over the twelve months to December, prices rose 1.2% slightly above the 1.1% rise expected and above the 0.7% increase seen the previous month. Ex food and energy, prices rose 0.3% MoM and 1.4% YoY, vs. the median at 0.1% and 1.3% respectively.
The increase follows 2 consecutive months of declines and it is the biggest rise since June. This reading matched market's expectations.
Over the twelve months to December, prices rose 1.2% slightly above the 1.1% rise expected and above the 0.7% increase seen the previous month. Ex food and energy, prices rose 0.3% MoM and 1.4% YoY, vs. the median at 0.1% and 1.3% respectively.