US producer inflation figure for December revised lower

By Ovunc Kutlu

ISTANBUL (AA) - The producer inflation figure in the US for the month of December was revised lower, data from the Labor Department's Bureau of Labor Statistics showed Wednesday.

The Producer Price Index (PPI), which measures changes in the prices of goods and services from a producer's perspective, was revised to a decline of 0.2% in December from a previously announced decrease of 0.1%.

The monthly PPI for November and October, on the other hand, were unchanged.

PPI figures for January will be released Friday at 8.30 a.m. EDT.