Wholesale Prices Increase Again in January

Washington, DC, Feb. 16, 2011 -- U.S. wholesale prices rose again in January, the Labor Department reported.

The seasonally adjusted 0.8% increase in January follows a 0.9% gain in December and marks the seventh straight monthly increase, the Labor Department said.

Economists had predicted a 0.9% gain in overall producer prices and a 0.3% increase in the core rate.

Wholesale prices have climbed an unadjusted 3.6% over the past 12 months, but the core rate has risen 1.6%.