Producer Prices Rose 0.4% in January

Producer prices increased 0.4% in January, seasonally adjusted, after remaining unchanged in December, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.7% for the twelve months ended January 2017.

The index for final demand goods rose 0.7% in January, after increasing 0.1% last month. The index for final demand energy surged 3.4%, while prices for final demand goods less foods and energy grew 0.2%.

Prices for final demand services increased 0.3%. Prices for final demand transportation and warehousing increased 0.4% in January after falling 0.6% in December. Prices for final demand trade rose 0.3%.

Read the BLS release.