US producer prices up 0.4% in January - Breaking The News

US producer prices up 0.4% in January

13 February

1 min read

EPA-EFE/ETIENNE LAURENT

The United States Producer Price Index (PPI) for final demand on a seasonally adjusted basis increased by 0.4% in January compared to the month before, the Bureau of Labor Statistics revealed in its report on Thursday. The figure surpassed analysts' expectations.

The unadjusted final demand index for the 12 months ending in January rose by 3.5%. The index for final demand services increased by 0.3%, while final demand goods prices climbed by 0.6% on a monthly basis.

The PPI excluding foods, energy, and trade services was up by 0.3% in January after landing at 0.4% in December and jumped by 3.4% for the twelve months ended in January.

producer prices producer price index data ppi

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