Services drive the acceleration in producer inflation.
Truckers transport cargo in the Port of Long Beach, Calif., on Nov. 29, 2023. John Fredricks/The Epoch Times
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Producer inflation unexpectedly rose in December at its fastest pace in three months, according to new data from the Bureau of Labor Statistics released on Jan. 30.
The December Producer Price Index (PPI) rose 0.5 percent, from the previous month’s 0.2 percent.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
