In December, annual producer inflation in the United States rose by 1%, but monthly inflation fell by 0.1%

Annual growth in core producer prices is 2.5%.

According to official numbers issued on Friday, US producer inflation grew 1% year on year in December but declined 0.1% month on month, both results falling short of expectations.

The producer price index (PPI), which measures changes in the price of goods and services from the standpoint of the producer, was predicted to rise 1.3% year on year, while the market was expected to rise 0.1% month on month.

The annual figure for November was revised down from 0.9% to 0.8%, while the figure was 0.1% lower.

“The December decrease in the index for final demand is attributable to a 0.4-percentage-point drop in prices for final demand goods,” the Labor Department stated in a statement. “The index for final demand services was unchanged.”

Core producer prices, excluding food, energy, and trade, rose 0.2% in December after climbing 0.1% the previous month.

Core PPI grew 2.5% year on year in December, following a 2.4% increase in November.