Wholesale Food Prices Fell In December But Remain 14.7% Higher Than Year Ago

Producer prices for food and its inputs fell 0.7% month-over-month—1.2% at the final demand stage—in December, according to the latest data from the Bureau of Labor Statistics released Jan. 18. PPI final demand prices for all goods and services also dropped 0.5% last month. The declines come after three previous months that prices continued to…