US December PPI Rises to 0.5%, Beats Market Forecasts

US December PPI Rises to 0.5%, Beats Market Forecasts

Producer Price Index growth exceeded expectations, with the annual rate reaching 3% versus the projected 2.7%.

Summary

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Terms & Concepts
  • Producer Price Index (PPI): An economic indicator measuring the average change over time in selling prices received by domestic producers for their output.