U.S. January PPI Rose a Faster Than Expected 0.4%; Annual Pace Jumped to 3.5%

Description

Inflation at the wholesale level came in faster than forecast last month in another disappointment to investors and policymakers hoping for cooling price pressures. The Producer Price Index (PPI) rose 0.4% in January versus economist forecasts for 0.3% and 0.2% in December. On a year-over-year basis, PPI was higher by 3.5% against estimates for 3.2% and 3.3% in December. Core PPI, which excludes food and energy components, rose 0.3% in January versus forecasts for 0.3% and 0% in December. Core P...