Producer Prices Rose 0.5% in January
Washington, DC, February 19, 2020-The Producer Price Index for final demand advanced 0.5% in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices rose 0.2% in December and declined 0.1% in November. On an unadjusted basis, the final demand index increased 2.1% for the 12 months ended in January, the largest advance since moving up 2.1% for the 12 months ended May 2019.
In January, 90% of the increase in the final demand index is attributable to prices for final demand services, which climbed 0.7%. The index for final demand goods inched up 0.1%.
Prices for final demand less foods, energy, and trade services advanced 0.4% in January, the largest increase since a 0.4% rise in April 2019. For the 12 months ended in January, the index for final demand less foods, energy, and trade services moved up 1.5%.