December Producer Price Index was released today. The Producer Price Index measures change in the price of finished goods and services sold by producers. It is considered a leading indicator of consumer inflation, these increases in producer prices usually get passed onto the consumer. The forecast called for 0.8%, but the actual headline number came in at 1.1%. Energy led the way in the increase of the index with an increase in December of 3.7%. Crude materials increased 4.0% in the month of December as well. Core PPI is PPI with food and energy removed. The forecast for Core PPI called for 0.2%, and the actual headline number came in at 0.2%.
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