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Wholesale prices rose less than expected in December, a positive sign for the economy amid recent market fears that inflation isn't falling as quickly as hoped to the Federal Reserve's 2% target.
Tuesday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) â which tracks the price changes companies see â rose 3.3% from the year prior, up from the 3% seen in November but below the 3.5% increase economists had projected. On a monthly basis, prices incr...
>>> Read more: PPI shows wholesale inflation increased less than expected in December
Tuesday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) â which tracks the price changes companies see â rose 3.3% from the year prior, up from the 3% seen in November but below the 3.5% increase economists had projected. On a monthly basis, prices incr...
>>> Read more: PPI shows wholesale inflation increased less than expected in December
