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PPI YoY climbed to 2.3 in December 2024, up 1.1 from November's 1.2 reading. The print came in hotter than the 1.5 consensus, a hotter print than forecasters anticipated. PPI YoY has now risen for 3 consecutive months. PPI YoY is now the highest in 21 months.
The January 2025 reading rose from the previous value of 1.2. Historically, this indicator is positively correlated with EUR/USD (Bullish EUR) and positively correlated with EUR/GBP (Bullish EUR).
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