According to a report by the U.S. Department of labor, producer price index (PPI) in the U.S. in December decreased by 0.1% compared with the previous month, after rising 0.4% in November.
Analysts had predicted an increase in December increased by 0.2%.
By the end of 2017, the PPI increased by 2.6%, accelerating the rate of increase from +1.7% in 2016.
Excluding prices for energy and food, core producer price index (core PPI) in December decreased by 0.1% compared to the previous month in comparison with the forecast of an increase of 0.2%.
At year end the PPI core rose 2.3%.