Wholesale inflation in the United States showed signs of easing in December, according to the latest report from the Labor Department. The producer price index, which tracks inflation before it reaches consumers, dropped by 0.1% from November to December. On a year-over-year basis, producer prices saw a modest increase of 1%.
When excluding volatile food and energy costs, core wholesale prices remained unchanged from November and rose by 1.8% compared to the previous year. Many economists consider core inflation to be a more reliable indicator of the overall direction of inflation as it excludes prices that tend to fluctuate from month to month.
