US: Annual PPI comes in at 2.5% in December to match expectations

"The Producer Price Index for final demand fell 0.2 percent in December, seasonally adjusted," the  U.S. Bureau of Labor Statistics reported on Tuesday.

Key takeaways from the press release

• Final demand prices advanced 0.1 percent in  November and 0.6 percent in October.
• On an unadjusted basis, the final demand  index moved up 2.5 percent in 2018, the same as in 2017.
• The index for final demand less foods, energy, and trade services was unchanged in December following a 0.3-percent rise in November.
• In 2018, prices for final demand less foods, energy, and trade services advanced 2.8 percent following a 2.3-percent increase in 2017.