The Labor Department reported Friday the Producer Price Index (PPI) finds prices at the wholesale level increased 0.3% in December, matching expectations.
Prices for final demand less foods, energy, and trade services inched up 0.1% after gaining 0.2% the month before. In 2016, the index for final demand less foods, energy, and trade services increased 1.7% after a 0.3% gain in 2015.
Prices excluding the volatile food and energy components rose 0.2%. Wall St expected a rise of 0.1%.