Producer Price Index rises 0.2% in December, less than the 0.4% expected

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The Producer Price Index (PPI) rose 0.2% in December, less than the expected increase of 0.4%, although it represented a moderation with respect to the advance of 1% in November, which was revised up from 0.8%. Compared to 12 months ago, the rise was 9.7%, higher than the 9.6% in November, although lower than the 9.8% of the consensus. The data represents a new record for the series.

The IPP Core rose 0.5% in December, in line with expectations. The November increase was revised up from 0.7% to 0.9%. The annual rate went from 7.7% to 8.3%, above the 8% of the market consensus.

At the same time, the report of requests for unemployment benefits was also published. The figures did not generate much influence on the dollar, which remained in negative territory for the day, but above the lows. The December retail sales report will be released on Friday.

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