Producer Prices Rose 1.0% in January
Washington, DC, February 15, 2022-The Producer Price Index for final demand increased 1.0% in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This rise followed advances of 0.4% in December 2021 and 0.9% in November.
On an unadjusted basis, final demand prices moved up 9.7% for the 12 months ended January 2022.
In January, the index for final demand services rose 0.7%, and prices for final demand goods moved up 1.3%.
Prices for final demand less foods, energy, and trade services increased 0.9% in January 2022, the largest increase since rising 1.0% in January 2021. For the 12 months ended January 2022, the index for final demand less foods, energy, and trade services moved up 6.9%.