US Wholesale Prices Rise Less Than Expected in December
Wholesale prices rose less than expected in December, a positive sign for the economy as inflation concerns persisted. The Bureau of Labor Statistics reported a 3.3% increase in producer price index (PPI) from last year, below the 3.5% economists had projected. Excluding food and energy, core prices rose 3.5% year-over-year, beating November’s 3.4% gain. However, … Read more