U.S. PPI fells in December

Wednesday, 18 January 2012 03:58

The Labor Department reported today that seasonally adjusted PPI declined by 0.1% in line with expectations for December.

November’s data showed 0.3% increase.

In a yearly capture producer price index rose 4.8% in December.
Economists estimated 5.1% reading.

Core PPI, excluding food and energy rose by 0.3% previous month. It is the highest growth since July 2011.

Euro reminded stronger against dollar. EUR/USD was traded at 1.2843 after PPI data release.