US PPI for final demand declined -0.5% mom in December, below expectation of -0.1% mom. For the 12-month period, PPI slowed form 7.3% yoy to 6.2% yoy, below expectation of 6.8% yoy. For the 12-month period, PPI slowed form 7.3% yoy to 6.2% yoy, below expectation of 6.8% yoy.
For the month, Goods prices fell -1.6% mom while services rose 0.1% mom. PPI less foods, energy, and trade services rose 0.1% mom.
