Select Language

US: Headline Producer Prices rose below estimates 3.3% YoY in December

Breaking news

US: Headline Producer Prices rose below estimates 3.3% YoY in December

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.01.14 22:37
US: Headline Producer Prices rose below estimates 3.3% YoY in December

update 2025.01.14 22:37

The latest data from the Bureau of Labor Statistics (BLS) shows that Producer Prices climbed 3.3% in December compared to a year earlier. This was below expectations of 3.4% and a decent uptick from November's 3.0% increase.

Excluding the often volatile food and energy categories, Producer Prices rose 3.5% over the last twelve months, again coming in short of the forecast of 3.8% and outpacing the 3.4% growth seen in the previous report.

On a monthly basis, the headline Producer Price Index (PPI) increased by 0.2%, while the core PPI (excluding food and energy) came in flat. Both figures disappointed market predictions.

Market reaction

The US Dollar treads water around 109.50 when tracked by the US Dollar Index (DXY) following Monday's knee-jerk and despite hitting a new cycle peak past the 110.00 barrier.


Date

Created

 : 2025.01.14

Update

Last updated

 : 2025.01.14

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

WTI edges lower to near $76.50 despite tighter supply concerns, declining US stockpiles

West Texas Intermediate (WTI) Oil price remains in the negative territory for the second successive day, trading around $76.60 per barrel during the European session on Wednesday.
New
update2025.01.15 18:16

Silver Price Forecast: XAG/USD retakes $30.00 mark; setup warrants caution for bulls

Silver (XAG/USD) attracts some buyers for the second straight day and climbs back above the $30.00 psychological mark during the first half of the European session on Wednesday.
New
update2025.01.15 18:08

EUR/USD: Set to consolidate with mild rebound risks - OCBC

Euro (EUR) held on to small gains overnight amid USD's pullback. EUR/USD was last seen at 1.03 levels.
New
update2025.01.15 18:00

Oil: Uncertainty over how oil supplies evolve in the months ahead - ING

Oil prices fell yesterday with ICE Brent down 1.35% and settling below US$80/bbl. Reports of a potential ceasefire between Israel and Hamas would have supported this move. This is the first daily decline since the US announced stricter sanctions against the Russian energy sector.
New
update2025.01.15 17:58

Oil market outlook from IEA and OPEC are due - ING

It's a fairly busy day for energy markets. IEA and OPEC will release their monthly oil market reports
New
update2025.01.15 17:52

DXY: Bears need softer CPI print - OCBC

US Dollar (USD) slipped overnight after PPI missed estimates (+0.2% m/m vs. 0.4% expected), OCBC's FX analyst Christopher Wong notes.
New
update2025.01.15 17:44

ECB's de Guindos: If incoming data confirms our baseline, we can expect further rate cuts

European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday that "if incoming data confirms our baseline, we can expect further rate cuts." Further comments Risks to economic growth remain tilted to the downside.
New
update2025.01.15 17:32

NZD/USD maintains position above 0.5600 ahead of US CPI Inflation

The NZD/USD cross extends its gains for the third consecutive day, trading near 0.5620 during European trading hours on Wednesday.
New
update2025.01.15 17:29

EUR/USD: The pair enters a range trading phase - UOB Group

There has been a tentative buildup in momentum; Euro (EUR) could rise to 1.0325, potentially reaching 1.0350. In the longer run, EUR has entered a range trading phase; it is likely to trade between 1.0220 and 1.0400 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.01.15 17:27

Pound Sterling faces pressure as UK inflation cools in December

The Pound Sterling (GBP) wildly reacts in Wednesday's London session after the release of the United Kingdom (UK) Consumer Price Index (CPI) report for December, which revealed that inflationary pressures grew moderately.
New
update2025.01.15 17:05

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel