Producer Prices Inched Up 0.1% in December

Washington, DC, January 10, 2018-Prices for U.S. imports ticked up 0.1% in December, the U.S. Bureau of Labor Statistics reported, following a 0.8% rise the previous month.

Higher fuel prices more than offset a decline in the price index for nonfuel prices in December. In contrast, U.S. export prices edged down 0.1% in December, after advancing 0.5% in November.

Carpet price increases, announced in 2017, went into effect at the beginning of the year.