US: Annual Core PPI edges lower to 1.2% in December vs. 1.4% expected

• Annual Core PPI in US softened modestly in December.
• US Dollar Index clings to daily gains after the data.

The Producer Price Index (PPI) in the US for final demand rose to 0.3% on a monthly basis in December from 0.1% in November, the data published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI stayed unchanged at 0.8% as expected.

Further details of the report revealed that the Core PPI remained steady at 0.1% on a monthly basis but edged lower to 1.2% annually from 1.4% in November.

Market reaction

This report doesn't seem to be impacting the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.22% on the day at 90.44.