US: Annual Core PPI edges lower to 1.2% in December vs. 1.4% expected
- Annual Core PPI in US softened modestly in December.
- US Dollar Index clings to daily gains after the data.
The Producer Price Index (PPI) in the US for final demand rose to 0.3% on a monthly basis in December from 0.1% in November, the data published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI stayed unchanged at 0.8% as expected.
Further details of the report revealed that the Core PPI remained steady at 0.1% on a monthly basis but edged lower to 1.2% annually from 1.4% in November.
Market reaction
This report doesn't seem to be impacting the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.22% on the day at 90.44.
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