Factory gate prices in the US increased 0.2% month-over-month in December 2024, below 0.4% in November which was the biggest gain in five months, and compared to forecasts of 0.3%.
Prices of goods went up 0.6%, the third consecutive advance, led by a 9.7% rise in gasoline prices. Prices for residential electric power, meats, motor vehicles, gas fuels, and fresh fruits and melons also increased.
Meanwhile, prices of services were unchanged, as a 2.2% advance in prices for final demand transportation and warehousing services offset declines in the indexes for final demand services less trade, transportation, and warehousing and for final demand trade services.
Source: Trading Economics
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Initial...