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.

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 with a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.

It is the first of a pair of highly anticipated inflation reports this week, with markets on edge and traders betting on little-to-no easing by the Federal Reserve in 2025. The producer price index rose by 0.

Where prices did climb — warehousing and transportation — points to an inventory build. Upcoming CPI will make the inflation picture clearer.

US stocks gained after cooler-than-expected producer price index data soothed inflation concerns. The numbers on Tuesday showed wholesale inflation rose 0.2% in December on a monthly basis, compared to an estimated 0.4% increase. The reading climbed 3.3% from a year ago, below the projected 3.5% gain.

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.

Producer prices rose less than expected in Dec, easing Fed's inflation concerns and providing relief to markets. Core PPI also flattened.

Investors are gearing up for December's crucial consumer price index to determine the direction of Fed policy.

Producer output (factory gate) prices rose by 0.1% in the year to December 2024. This is up from a revised fall of 0.5% in the year to November (Figure 1). Monthly output prices also rose by 0.1% in December 2024, following a revised monthly inflation rate of 0.4% in November (Table 1).

A gauge of wholesale inflation rose 0.2% in December from November, a softer reading than economists expected and a slowdown from the prior month. The producer-price index, published by the Labor Department on Tuesday,

US wholesale inflation unexpectedly cooled in December, helped by a drop in food costs and flat services prices that may help temper concerns of lingering price pressures.

Wholesale prices only rose half of what was predicted in December, showing progress in the battle against inflation. The Producer Price Index for final demand advanced 0.2 percent while the ...