Jan. 18 (UPI) -- Wholesale Producer Price Index inflation dropped by 0.5% in December. According to the U.S. Bureau of Labor Statistics, PPI inflation was 6.2% in 2022 compared to 10% in 2021.
Almost half of that wholesale inflation decrease was from a 13.4% drop in gasoline prices. Food prices fell by 1.2%. But chicken egg prices were higher. Electric power prices were also up.