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In December, wholesale prices rose less than expected, suggesting that inflation in the pipeline eased towards the end of the year.
According to a report from the Bureau of Labor Statistics on Tuesday, the producer price index rose just 0.2% for the month, less than the 0.4% increase in November and below the Dow Jones consensus estimate of 0.4%.
Excluding food and energy, the so-called core PPI was unchanged from a forecast of 0.3% growth. Excluding food, energy and trade services, the indicator grew by only 0.1%.
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