US Producer Prices Unexpectedly Surged In December Following the cooler than expected Consumer Price Inflation, Producer Prices came in considerably hotter than expected at the headline level in December. PPI rose 0.5% MoM (vs +0.2% MoM exp), lifting headline PPI to +3.0% YoY. Source: Bloomberg Services costs dominated the rise in the headline PPI (not Goods – which would be affected by tariffs). Source: Bloomberg Final demand services: The index for final demand services advanced 0.7 percent in December, the largest increase since moving up 0.9 percent in July. Two-thirds of the broad-based December rise in prices for final demand… — Continue at ZeroHedge News : Read More
