Wholesale prices rose more than expected in December, though the longer-term pipeline inflation trend showed signs of receding.
The producer price index rose a seasonally adjusted 0.5% for the month, the Bureau of Labor Statistics reported Friday. The increase was higher than the 0.2% rise in November and more than the Dow Jones consensus estimate for a 0.3% increase.
Looking at core PPI, the increase was even higher — up 0.7% compared to the 0.3% estimate.
