US: Headline producer prices rose below estimates by 3.3% year-on-year in December

The latest data from the Bureau of Labor Statistics (BLS) shows that producer prices rose 3.3% in December compared to a year ago. This was below expectations of 3.4% and represented a decent increase from November’s 3.0% increase.

Excluding the often volatile food and energy categories, producer prices rose 3.5% in the last twelve months, again below the 3.8% forecast and surpassing the 3.4% growth seen in the previous report.

On a monthly basis, the headline Producer Price Index (PPI) rose 0.2%, while the core PPI (excluding food and energy) remained unchanged. Both figures disappointed market predictions.

Market reaction

The US Dollar remains around 109.50 when followed by the DXY Dollar Index after the initial reaction on Monday and despite having reached a new cycle peak beyond the 110.00 barrier.

Source: Fx Street

You may also like

Strategy resumes regular bitcoin purchases
Finance
Sarah

Strategy resumes regular bitcoin purchases

The largest bitcoin holder, Strategy, which previously announced the temporary end of the first cryptocurrency purchases, acquired another 7,633 BTC