Cheaper oil curbed US producer inflation while jobless claims went up

Source: Reuters
© scanpics/FP
US producer prices showed their biggest drop within the last three years in December due to a strong decline in energy costs, highlighting the existing deflationary pressures. Producer price index decreased 0.3% compared with a drop of 0.2% in November. Consumer inflation is due to be released today. The price level is expected to keep declining at the same rate as before, namely by 0.3%.
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