A report released by the Labor Department on Tuesday showed a modest decrease in U.S. producer prices in the month of December.
The Labor Department said its producer price index for final demand dipped by 0.2 percent in December after inching up by 0.1 percent in November. Economists had expected prices to slip by 0.1 percent.
The modest pullback in producer prices was partly due to another steep drop in energy prices, which plunged by 5.4 percent in December after tumbling by 5.0 percent in November.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.