The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared with a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.

Bloomberg reported that members of President-elect Donald Trump’s incoming economic team are ... Today, all eyes are focused on the U.S. Producer Price Index, which is set to be released in a couple of hours. Economists, on average, forecast that the ...

Where prices did climb — warehousing and transportation — points to an inventory build. Upcoming CPI will make the inflation picture clearer.

U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.

The report from the U.S. Bureau of Labor Statistics could help ease market concerns that inflation is proving stubborn.

Wholesale-level inflation heated up further to close out 2024, a sign that price pressures are building at a time when President-elect Donald Trump threatens to unleash a substantial array of tariffs.

The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.

Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.

Stocks took a step up after Trump said in a virtual address to the World Economic Forum that he would “demand that interest rates drop immediately.”

Asia-Pacific markets mostly rose Tuesday, as investors awaited greater clarity on policies of U.S. President Donald Trump following his inauguration. Australia's S&P/ASX 200 advanced 0.66% to end the day at 8,402.40.

By Caroline Valetkevitch and Harry Robertson NEW YORK/LONDON (Reuters) - U.S. Treasury yields dipped on Tuesday after data showed U.S. producer prices rose less than expected in December, while stock

Tomatoes, T-shirts and cars are among the vast array of goods that could become pricier if tariffs pledged by President Donald Trump go into effect.