Producer prices rose 0.3% in December, seasonally adjusted, after climbing 0.4% in November, according to the U.S. Bureau of Labor Statistics. Producer prices rose 1.6% in 2016, after declining 1.1% in 2015.
Prices for final demand services ticked up 0.1% in December, after rising 0.5% in November. Much of the advance was due to the index for final demand services less trade, transportation, and warehousing, which increased by 0.2%.
Read the BLS release.
Visit Banks and the Economy.