U.S. Producer Prices Rise Slightly Less Than Expected In December

RTTNews | 22 시간 19 분 전
U.S. Producer Prices Rise Slightly Less Than Expected In December

(RTTNews) - Producer prices in the U.S. rose by slightly less than expected in the month of December, according to a report released by the Labor Department on Tuesday.

The Labor Department said its producer price index for final demand crept up by 0.2 percent in December after climbing by 0.4 percent in November. Economists had expected producer prices to rise by 0.3 percent.

Meanwhile, the report said the annual rate of producer price growth accelerated to 3.3 percent in December from 3.0 percent in November. The acceleration matched economist estimates.

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U.S. Producer Prices Rise 0.2% In December, Slightly Less Than Expected

U.S. Producer Prices Rise 0.2% In December, Slightly Less Than Expected

Producer prices in the U.S. rose by slightly less than expected in the month of December, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand crept up by 0.2 percent in December after climbing by 0.4 percent in November. Economists had expected producer prices to rise by 0.3 percent.
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Many Federal Reserve officials believe a careful approach to interest rate decisions will be necessary over the coming quarters, according to the minutes of the central bank's December monetary policy meeting. The minutes said the careful approach will be needed due to a variety of factors, including increased upside risks to the outlook for inflation.
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U.S. Wholesale Inventories Dip 0.2% In November, In Line With Estimates

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Wholesale inventories in the U.S. dipped in line with estimates in the month of November, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said wholesale inventories slipped by 0.2 percent in November, matching the preliminary estimate as well as economists' expectations.
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