The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared with a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.

U.S. wholesale inflation rose last month on higher energy prices. The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November,

US producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend. The moderation in producer inflation reported by the Labor Department this week did not change the view that the Federal Reserve

U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.

Wholesale prices rose a seasonally adjusted 0.2% in December, half of what Wall Street forecasters believe would jump while the rate for the core producer price index over the same period remained flat,

Wall Street's main indexes were on track to open higher on Tuesday, as investors assessed softer-than-expected producer inflation to gauge the Federal Reserve's monetary policy trajectory this year. A Labor Department report showed the producer price index rose 3.

A gauge of wholesale inflation rose 0.2% in December from November, a softer reading than economists expected and a slowdown from the prior month. The producer-price index, published by the Labor Department on Tuesday,

US producer inflation rose less than analysts expected in December, according to government data released Tuesday, on the back of cooler food costs.

Inflation, as measured by the producer price index, rose three-tenths of a percentage point to 3.3% for the year ending in December, hinting that the economy may not yet have vanquished price pressures.

The Labor Department releases its producer price index for December on Tuesday. The index measures inflation at the wholesale level, before businesses pass costs on to consumers. Economists predict that wholesale prices rose at a higher pace last month than in November.

U.S. producer prices experienced a slowdown in December, following a lesser-than-expected rise. While this indicates a downward inflation trend, the Federal Reserve is unlikely to cut interest rates soon.

World shares are mixed as the U.S. stock market remained closed to observe a National Day of Mourning for former President Jimmy Carter. European indexes ticked higher. Asian markets mostly