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PPI YoY climbed to -1.4 in December 2024, up 2.2 from November's -3.6 reading. The print came in cooler than the -0.2 consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of -2.7. Over the past 3 months, PPI YoY averaged -3.45, vs -3.9 in the prior 3-month window. PPI YoY is now the highest in 10 months.
The January 2025 reading rose from the previous value of -3.6. Historically, this indicator is positively correlated with EUR/USD (Watch) and negatively correlated with USD/JPY (Watch).
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