Wholesale inflation in US declined last month, signaling that price pressures are still easing
File - Parts of electric busses are viewed at New Flyer, an electric vehicles manufacturing company, Feb. 9, 2023, in St. Cloud, Minn. On Friday, the Labor Department releases producer prices data for December. (AP Photo/Abbie Parr)
WASHINGTON (AP) — Wholesale inflation in the United States fell for a third straight month in December, further evidence that price pressures in the economy are easing.
The Labor Department reported Friday that its producer price index — which tracks inflation before it reaches consumers — declined 0.1% from November to December after falling 0.1% in November and 0.4% in October. Measured year over year, producer prices rose by a mild 1% in December.
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