FXstreet.com (Barcelona) - Producer prices have declined in the United States in December for the fifth month in a row as a consequence of sharp drops on energy and food prices, according to data released by the U.S. Labor Department.
Prices at factory levels have decreased 0.9% in December, following a 2.2% drop in the previous month and a 2.8% drop in October. Excluding food and energy, the so called Core PPI has edged up 0.2% in December following increases by 0.1% and 0.4% in November and October respectively.
One of the main factors of the deflation has been the sharp decline in energy prices, 9.3% down in December after a 11.2% decline in November. Food prices also contributed negatively with a 1.5% decline after a flat performance in November.