The flash Purchasing Managers' Index (PMI) data for December indicates that output price pressures have stabilised within the 'normal' range, typically denoted by values between 50 and 55. Both the United States and the Eurozone have been within this range for seven consecutive months.
During the reported period, the United States and the United Kingdom registered a composite PMI output price index of 54.4, while the Eurozone saw a modest uptick, rising from 51.6 in the preceding month to 53.
