US wholesale prices slip in December, 1st drop in 16 months
US flag
Washington - Muslimchronicle
US wholesale inflation slipped in December, the first decline in 16 months, mostly due to falling services prices, the government reported Thursday.
The Producer Price Index, which tracks the costs of wholesale goods and services, slipped 0.1 percent in the final month of the year, after posting five-year highs in each of the previous two months.
Economists had been expected PPI to rise 0.2 percent.
Source: AFP
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