The Producer Price Index (PPI) for final demand in the US fell from a downwardly revised value of 7.3% in November to 6.2% on an annual basis in December, according to data released by the US Bureau of Labor Statistics.
The consensus prediction for this measurement was a decline to 6.8%.
Furthermore, the annual Core PPI slowed from 6.2% in the preceding month to 5.5% in the reporting month, falling short of market forecasts once more.
The Core PPI was lowered lower from the previously reported 0.4% to 0.1% on a monthly basis, down from 0.2% in November.
