Prices that suppliers are charging businesses and other customers closed out 2021 near the highest level in over a decade, though December showed a slight cooling of producer inflation.
The Labor Department said Thursday that its producer-price index rose 0.2% in December from November, the slowest pace since November 2020 and down sharply from a revised 1.0% the prior month—a possible sign of easing inflationary pressures in the U.S. supply chain.
