US producer prices undershoot forecasts in December

Wholesale prices undershot market expectations by a wide margin at the end of 2022.

According to the US Department of Labor, in seasonally adjusted terms final demand prices fell at a month-on-month pace of 0.5% in December (consensus: -0.1%).

Versus a year ago, final demand prices were ahead by 6.2% (consensus: 6.8%).

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