The rise in US producer prices slowed in December as goods costs fell amid signs that the tightness of supply chains is starting to ease, a possible sign that inflation has likely peaked.
The producer price index for final demand rose 0.2% last month after jumping 1.0% in November. Wholesale service prices rose 0.5%, driving the increase in the full index, after advancing 0.9% in November.
Goods prices fell 0.4% after rising 1.1% in the previous month, pressured by declines in wholesale food and energy. Excluding food and energy, goods prices rose 0.5% after rising 0.8% in November.
In the 12 months through December, the producer price index increased by 9.7%, compared to 9.8% in November.
Economists consulted by Reuters projected a gain of 0.4% in the monthly comparison and 9.8% in the year.
(Reportagem de Lucia Mutikani)
Reference: CNN Brasil
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