Banking

Producer Prices Rose 0.2% in December

The Producer Price Index for last need increased 0.2% in December, seasonally changed, the U.S. Bureau of Labor Statistics reported today. On an unadjusted basis, the last need index went up 9.7% in 2021, the biggest calendar-year boost given that 2010.

Prices for last need less foods, energy, and trade services increased 0.4% in December. For the 12 months ended in December, the index went up 6.9%.

The index for last need items fell 0.4% in December. Most of the December reduction can be traced to the index for last need energy, which dropped 3.3%.

The index for last need services increased 0.5% for the month, the twelfth successive boost. Leading the boost in December, the index for last need trade services, which went up 0.8%.

Read the BLS release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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