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US Producer Price Index (PPI) figures are lower than expected. On a monthly basis, the overall PPI rose by 0.2%, below the forecast of 0.4%. Core PPI (excluding volatile items) remained unchanged at 0.0%, whereas an increase of 0.3% had been anticipated. On a yearly basis, overall PPI grew by 3.3%, slightly below expectations of 3.5%. As for core PPI, it rose by 3.5%, also below the 3.8% forecast. In December, core CPI inflation in the US slowed to 3.2% year-on-year, while headline CPI inflation reached 2.9% year-on-year, in line with expectations. The 3- and 6-month annualized rates also converged at 3.2%. In addition, supercore inflation fell from 4.25% to 4.05%, signalling a weakening of inflationary pressures in key sectors. The fall in inflation stems mainly from lower energy prices, with the price of oil reaching its lowest level at the end of 2024, due to fears of an economic slowdown in China. However, it is important to point out that si...
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