A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year.
The producer price index rose just 0.2% on the month, less than the 0.4% increase in November and below the Dow Jones consensus estimate for 0.4%, according to a Bureau of Labor Statistics report Tuesday.
Excluding food and energy, so-called core PPI was flat compared to the forecast for a 0.3% rise. Excluding food, energy and trade services, the measure rose just 0.1%.
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