US inflation still slowing as producer prices rise below expectations in December
U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.
While the overall consumer price index rose, the core measure that omits food and energy costs was below estimates.
(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 ...
US stocks gained after cooler-than-expected producer price index data soothed inflation concerns. The numbers on Tuesday ...
Energy producers have rushed to lock in oil prices since the United States announced its harshest sanctions yet on Russian ...
The Commerce Department releases its monthly snapshot of U.S. retail sales on Thursday. Analysts forecast that retail sales ...
Cal-Maine Foods’s stock rose about 5% after hours as the nation’s largest egg producer reported stronger-than-expected ...
According to the latest USDA report from mid-December, US egg production is down 4% year over year, with 3% fewer egg-laying hens. Per Datasembly, eggs are at their highest price since January 2023.
Investors shouldn’t expect a tame reading in wholesale inflation in December to translate into a small increase in consumer prices. It might, and it might not. The producer price index moves in the ...
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