US PPI drops back in December as goods prices fall

18 January 2023

 

Summary: US producer price index (PPI) down 0.5% in December, fall greater than expected; annual rate slows to 6.2%; “core” PPI up 0.1%; Treasury yields fall noticeably, rate-rise expectations soften; lower goods prices behind result, services prices up slightly. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in which producer prices increased suggested the...

read full story