Inflation rose to 3.3% in Dec. in producer price index

Inflation rose to 3.3% in December in producer price index
Inflation, as measured by the producer price index, rose three-tenths of a percentage point to 3.3% for the year ending in December, hinting that the economy may not yet have vanquished price pressures.
US producer prices rose 0.2% last month on higher energy costs
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared to a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.
Inflation watch: Wholesale prices rose 0.2% in December, less than expected
The producer price index was expected to increase 0.4% in December, according to the Dow Jones consensus estimate.
WPI inflation rises to 2.37% in December, from 1.89% in November
The November WPI saw a decline, reaching its lowest point in three months at 1.89 per cent as falling food prices, particularly vegetables, contributed to the drop
Wholesale price inflation rises to 2.37 per cent in December
As per the data, inflation in food items eased to 8.47 per cent in December 2024, as against 8.63 per cent in November. Inflation in vegetable stood at 28.65 per cent, as against 28.57 per cent in November.
US producer prices rise moderately in December
The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.
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