Reflecting a sharp pullback in energy prices, the Labor Department released a report on Thursday showing only a slight uptick in U.S. producer prices in the month of December.
The Labor Department said its producer price index for final demand edged up by 0.2 percent in December after jumping by an upwardly revised 1.0 percent in November.
Economists had expected producer prices to rise by 0.4 percent compared to the 0.8 percent increase originally reported for the previous month.
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Forex News
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.