US Wholesale Prices Rise Less Than Market Forecast

Goods inflation fueled all of the inflation, while services inflation was flat.

Baby food for sale at a grocery store in Chicago on Feb. 13, 2024. Scott Olson/Getty Images

A monthly measure of prices paid for goods and services by businesses rose at a slower-than-expected pace in December 2024, temporarily relieving economists concerned about renewed inflationary pressures.

According to the Bureau of Labor Statistics (BLS), the producer price index (PPI) rose by 0.2 percent monthly in December 2024, down from 0.4 percent in November 2024.