Wholesale Prices Dip for 3rd Month as Fuel and Egg Costs Plunge, Signaling Moderating Inflation
• Wholesale inflation fell 0.1% from November to December, the 3rd straight monthly decline • Signals easing price pressures in the US economy • Price drop driven mainly by steep falls in diesel fuel and egg prices • Core inflation, excluding food and energy, was unchanged at 1.8% year-over-year • Reinforces view that inflation is slowing, could allow Fed to start cutting interest rates