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    Home ยป US Wholesale Prices Rose 1% in January, Surging 9.7% over the Last Year
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    US Wholesale Prices Rose 1% in January, Surging 9.7% over the Last Year

    February 15, 20221 Min Read
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    Lots of cardboard boxes and a green arrow up. growth rate of production goods, raise economic indicators. Increasing consumer demand. exports and imports. sales rise. High throughput, logistics.
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    Prices at the wholesale level surged twice the anticipated level in January as inflation pressures were untamed to start the year.

    • The producer price index expanded 1% for the month, against the Dow Jones estimate for 0.5%. Over the last 12 months, the gauge expanded an unadjusted 9.7%.
    • The so-called core PPI, excluding food, energy and trade services rose 0.9% for the month, surpassing the 0.45 estimate. For the 12-month period, the gauge rose 6.9%.
    • Both core and headline PPI increases over the year were 0.1% lower than the record levels posted in December 2021.
    • Good prices surpassed those for services, surging 1.3% and 0.7%, respectively. The increases emerge after rising inflation across the economy.

    Final demand energy prices rose 2.5% in January as food prices rose 1.6%.

    DXY down -0.29%, EUR USD up +0.43%

    Source: US Bureau of Labor Statistics

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