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Producer prices fall for first time in 1 1/2 years

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Published Thu, Jan 11, 2018 · 09:50 PM

Washington

US producer prices fell for the first time in nearly 1½-years in December amid declining costs for services.

The Labor Department said on Thursday that its producer price index for final demand slipped 0.1 per cent last month. That was the first drop in the PPI since August 2016 and followed two straight monthly increases of 0.4 per cent.

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