Core PPI up more than expected, increases 0.7% compared to the 0.3% estimate

• Core PPI for December increased by 0.7% month-over-month, substantially higher than the 0.3% estimate.
• Headline PPI rose 0.5% month-over-month, also above the 0.3% estimate.
• Year-over-year core PPI (excluding food and energy) was 3.3%, surpassing the 2.9% expectation and marking the warmest reading since July of last year.

The video reports on the December Producer Price Index (PPI) data, revealing that core PPI and other inflation measures significantly exceeded expectations. The speaker emphasizes that these higher-than-anticipated figures are 'not good news' for inflation, leading to a negative reaction in market futures.