Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) increased at an annualized rate of 5.0 percent in December and on a year-over-year basis, PPI is up 1.2 percent. Producer price for finished consumer foods decreased 6.8 percent. Energy prices increased 20.6 percent in December, following a decrease of 4.3 percent in November. Energy goods had the biggest gain in six months, with gasoline prices being the main driver of this increase. Excluding volatile food and energy prices, “core” PPI is up 3.3 percent and core crude prices increased 7.2 percent.