U.S. core producer prices decline for first time in a year

EXCLUDING FOOD and energy, producer prices decreased 0.1 percent from November to December, the first decline in a year. Year over year, core producer prices increased 2.7 percent. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
EXCLUDING FOOD and energy, producer prices decreased 0.1 percent from November to December, the first decline in a year. Year over year, core producer prices increased 2.7 percent. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
NEW YORK - A key measure of United States producer prices unexpectedly fell in December and the overall gauge declined more than forecast amid lower oil prices, signaling potential inflation pressures in the economy are contained. Excluding food and energy, producer prices decreased 0.1 percent from the prior month, the first decline in a year,…

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