US producer prices fall again in December for third month in a row

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BancaMarch : In the United States, producer prices fell again in December, showing subdued cost inflation. On a monthly basis, the index shows a decrease of -0.1%, below the expected 0.1% and equal to the -0.1% of the previous month.

Thus, the index remains in negative territory for the third consecutive month, a fact that has not been recorded since 2020. On the other hand, the underlying rate repeats the zero growth rate of 0% of the previous two months. In year-on-year terms, the final demand data show levels of 1%, compared with the estimated 1.3% and 0.8% of the previous month. For its part, the year-on-year core rate reflects the smallest increase since the end of 2020, at just 1.8%.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.