Inflation still slowing as producer prices rise below expectations
WASHINGTON >> U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.
A subdued December producer-price index reading Tuesday morning brought a modicum of relief to investors stressed out over the prospect of a re-acceleration of inflation, but it's the December ...
The Labor Department releases its producer price index for December on Tuesday. The index measures inflation at the wholesale level, before businesses pass costs on to consumers. Economists predict ...
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