Producer Prices Rose 0.4% in January
Washington, DC, February 15, 2018-The Producer Price Index for final demand increased 0.4% in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices were unchanged in December and moved up 0.4% in November.
On an unadjusted basis, the final demand index rose 2.7% for the 12 months ended in January.
In January, the rise in the index for final demand is attributable to a 0.3% increase in prices for final demand services and a 0.7% advance in the index for final demand goods.
The index for final demand less foods, energy, and trade services rose 0.4% in January, the largest advance since increasing 0.5% in April 2017.
For the 12 months ended in January, prices for final demand less foods, energy, and trade services moved up 2.5%, the largest rise since 12-month percent change data were available in August 2014.