- The US December Producer Price Index (PPI) fell short of expectations, indicating a potential decline in consumer prices.
- Core producer prices showed lower-than-expected growth, providing reassurance to investors.
- As a result, Bitcoin (BTC) eased some inflation concerns and rose by 6.12%.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The December Producer Price Index (PPI) in the United States fell short of market expectations. Producer prices are considered a leading indicator of consumer prices as they are reflected in final consumer goods prices after a certain period.
According to the US Department of Labor on the 14th (local time), the US December PPI rose by 0.2% from the previous month. This figure is below the market expectation of 0.4%. It also rose 3.3% year-on-year, falling short of the market expectation of 3.5%.
Core producer prices, excluding energy and food, also rose 0% from the previous month, below the market forecast of 0.3%.
With the news that wholesale prices, a leading indicator of consumer prices, are cooling, Bitcoin (BTC) eased some inflation concerns and rose slightly. As of 10:32 PM on this day, BTC is trading at $96,848 on the Binance USDT market, up 6.12% from the previous day.

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
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