Price Increases Decelerated Price Increases Decelerated

Producer Price Increases Decelerated in December

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Supplier-level inflation cooled significantly at the end of 2022, adding to signs that price pressures are easing in the U.S.

economy.The producer-price index, which generally reflects supply conditions in the economy, rose 6.2% in December from a year earlier, the Labor Department said Wednesday, the slowest annual pace since March 2021.

That was down from November’s revised 7.3% increase and well below the 11.7% rise in March 2022, the fastest pace since PPI records began in 2010.

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