The US Commerce Department released the producer price index for the month of December, where PPI fell by 0.1%, compared with the prior rise of 0.3% and below the 0.1% forecasted, while on the yearly basis, PPI rose by 4.8%, compared with the prior estimate of 5.7% and projected 5.1%.

Core PPI rose by 0.3% below the prior estimate and forecasted 0.1%, while compared with a year earlier, core PPI rose by 3.0% from the prior 2.9% and above expectations of 2.8%.