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Annual PPI Rises to 9.7% in December

Adel 13 January, 2022 6:21 pm Market Update

The headline US Producer Price Index (PPI) rose at an annual pace of 9.7% in December, according to the latest report from the US Bureau of Labor Statistics on Thursday. That marked a new series record high (PPI was first reported back in 2011) but was slightly below the median economist forecast for 9.8% and a slight acceleration versus November’s 9.6% reading. MoM, PPI came in at 0.2% in December, below expectations for a 0.4% MoM gain.

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