VOT Research Desk
According to statistics released by the US Bureau of Labor Statistics on Friday.
The Producer Price Index (PPI) for final demand in the US decreased to 7.4% on an annual basis in November from 8.1% in October.
This reading was consistent with what the market was anticipating.
In the same period, the annual Core PPI decreased marginally from 6.7% to 6.2%, which was below analysts’ expectations of 6%.
The Core PPI registered a monthly increase of 0.4%.
