• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Cryptocurrency
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Cryptocurrency
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

U.S. producer prices rise moderately in December

Mark White by Mark White
January 13, 2022
in Suppliers
0


Shoppers browse in a Home Depot building supplies store while wearing masks to help slow the spread of coronavirus disease (COVID-19) in north St. Louis, Missouri, U.S. April 4, 2020. Picture taken April 4, 2020. REUTERS/Lawrence Bryant/File Photo/File Photo

Register now for FREE unlimited access to Reuters.com

WASHINGTON, Jan 13 (Reuters) – U.S. producer price inflation slowed in December as the cost of goods fell amid signs that stretched supply chains were starting to ease, hopeful signs that inflation has probably peaked.

The producer price index for final demand increased 0.2% last month after surging 1.0% in November. Wholesale services prices rose 0.5%, accounting for the increase in the PPI. That followed a 0.9% jump in November.

Goods prices fell 0.4% after advancing 1.1% in the prior month. They were held down by decreases in wholesale food and energy prices. Excluding food and energy, goods prices rose

Register now for FREE unlimited access to Reuters.com

0.5% after increasing 0.8% in November.

In the 12 months through December, the PPI increased 9.7% after accelerating 9.8% in November.

The government revised PPI data from last August through November because of the late submission of data as well as to account for corrections by respondents.

Economists polled by Reuters had forecast the PPI gaining 0.4% on a monthly basis and surging 9.8% year-on-year.

The Fed has a 2% inflation target. Inflation is surging as COVID-19 and the recovery from the pandemic have caused bottlenecks in the supply chain. Consumer prices jumped 7% year-on-year in December, the largest gain since June 1982, the government said on Wednesday. read more

But there is cautious optimism that price pressures are close to peaking. An Institute for Supply Management survey last week showed manufacturers reporting improved supplier deliveries in December.

Excluding the volatile food, energy and trade services components, producer prices rose 0.4% in December. The so-called core PPI vaulted 0.8% in November. In the 12 months through December, the core PPI rose 6.9%, matching November’s increase.

Register now for FREE unlimited access to Reuters.com

Reporting by Lucia Mutikani
Editing by Chizu Nomiyama

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

5 things to know for January 12: Covid-19, Filibuster, Afghanistan, Facebook, Russia

Next Post

Gousto's CEO on Investment, AI and Food Supply Chains (Audio) – Bloomberg

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post

Gousto's CEO on Investment, AI and Food Supply Chains (Audio) - Bloomberg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News