ISTANBUL

US producer prices were up more than expected in December, with the Producer Price Index (PPI) rising 3% year-on-year, according to data released Friday by the Bureau of Labor Statistics.

The figure exceeded expectations of 2.7% for the month, and followed 3% in November.

Meanwhile, month-on-month PPI rose 0.5%, exceeding expectations of a 0.3% rise.

"The December increase in prices for final demand can be traced to a 0.7% advance in the index for final demand services. Prices for final demand goods were unchanged," the bureau said in a statement.

The agency said two-thirds of the December rise in prices for final demand services can be traced to a 1.7% jump in margins for final demand trade services.

Prices for final demand less foods, energy and trade services rose 0.4%, marking the eighth consecutive increase.

"Prices for final demand less foods, energy, and trade services rose 3.5% in 2025 following a 3.6% advance in 2024," the bureau said.

Core PPI, which excludes volatile food and energy prices, rose 0.7% month-on-month in December, above forecasts of a 0.2% rise.