US PPI goes into reverse in December

12 January 2024

 

Summary: US producer price index (PPI) down 0.1% in December, contrasts with expected increase; annual rate accelerates slightly to 0.9%; “core” PPI flat; US Treasury yields generally lower; 2024 rate-cut expectations harden; goods prices fall, services prices flat. 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 trend...

read full story