U.S. PPI rises more-than-expected in December

Forex Pros – Producer price inflation in the U.S. rose more-than-expected in December, official data showed on Thursday.

In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 1.1% in December, after rising by 0.8% in November.

Analysts had expected PPI to increase by 0.7% in December.

The report also showed that core PPI, which excludes food and energy costs, rose in line with expectations, rising by 0.2% in December, after increasing by 0.3% in November.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD surging 1.01% to hit 1.3262.

Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures pointed to a loss of 0.19%, S&P 500 futures indicated a drop of 0.22%, while the Nasdaq 100 futures were down 0.16%.





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