Loading...
Loading...
Browse all stories on DeepNewz
VisitUS December PPI Up 0.2%, Core PPI Unchanged, Both Below Expectations
Jan 14, 2025, 01:31 PM
US Producer Price Index (PPI) data for December showed inflation rising less than expected, indicating easing inflationary pressures in the economy. The PPI increased by 0.2% month-over-month, below the forecasted 0.4%, and core PPI remained unchanged, missing the expected 0.3% increase and marking the lowest monthly gain since July. On a year-over-year basis, PPI rose 3.3%, compared to the forecasted 3.5%, while core PPI increased 3.5%, below the expected 3.8%. The lower-than-expected PPI figures reflect slower wholesale price increases, with goods prices up 0.6% and services prices unchanged. Notably, energy prices climbed 3.5%, driven by a 9.7% surge in gasoline prices. Following the release, equity futures rallied, and Treasury yields dipped as markets reacted positively to the possibility of moderated inflation. The data precedes the Consumer Price Index report due tomorrow, which will further inform expectations about inflation and Federal Reserve policy.
View original story
Markets
No • 50%
Yes • 50%
Federal Reserve official meeting announcement
Yes • 50%
No • 50%
US Bureau of Labor Statistics official CPI report
No • 50%
Yes • 50%
US Bureau of Labor Statistics official PPI report
S&P 500 down by 0% to 1% • 25%
S&P 500 up by more than 1% • 25%
S&P 500 down by more than 1% • 25%
S&P 500 up by 0% to 1% • 25%
Major US stock indices performance on the day of CPI release
Decrease • 25%
No change • 25%
Increase by 0.25% • 25%
Increase by 0.50% or more • 25%
Federal Reserve official meeting announcement
More than 4.0% • 25%
Less than 3.0% • 25%
3.0% to 3.5% • 25%
3.6% to 4.0% • 25%
US Bureau of Labor Statistics official CPI report