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US: Annual PPI rises to 9.7% in December vs. 9.8% anticipated

us:-annual-ppi-rises-to-97%-in-december-vs-9.8%-anticipated
  • Headline PPI rose at a tempo of 9.7% in December, barely beneath anticipated.
  • Core PPI was up 8.3% YoY, greater than anticipated. 

The headline US Producer Value Index (PPI) rose at an annual tempo of 9.7% in December, in accordance with the newest report from the US Bureau of Labor Statistics on Thursday. That marked a brand new sequence report excessive (PPI was first reported again in 2011) however was barely beneath the median economist forecast for 9.8% and a slight acceleration versus November’s 9.6% studying. MoM, PPI got here in at 0.2% in December, beneath expectations for a 0.4% MoM achieve. 

Opposite to the headline studying, Core PPI got here in at 8.3% YoY which was above expectations for an 8.0% studying and marked a bigger than anticipated acceleration from November’s 7.7% YoY tempo of value progress. MoM, Core PPI was up 0.5%, consistent with expectations, marking a deceleration within the tempo of MoM value progress from November 0.9% studying, which had been revised up from 0.7%. 

Market Response

The DXY didn’t see any notable response to the newest knowledge. 

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