Producer prices rose 0.6% in January, seasonally adjusted, after climbing 0.2% in December, according to the U.S. Bureau of Labor Statistics. Producer prices rose 1.6% for the twelve months ended January 2017.
Prices for final demand services ticked up 0.3% in January, after rising 0.1% in December. Much of the advance was due to the index for final demand trade services, which increased by 0.9%.
Read the BLS release.
Visit Banks and the Economy.