Core U.S. producer prices rise at slowest pace since 2016

CORE PRODUCER prices in the U.S. increased 1.1% year over year in December. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES
CORE PRODUCER prices in the U.S. increased 1.1% year over year in December. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES
WASHINGTON – A measure of underlying United States producer prices rose in December at the slowest pace since August 2016, indicating modest inflationary pressures. The so-called core index of prices paid to producers, which excludes food and energy costs, increased 1.1% from the previous year, a Labor Department report showed Wednesday. The median estimate in…

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