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

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.