US producer price inflation “hot” in January

16 February 2023

 

Summary: US producer price index (PPI) up 0.7% in January, rise greater than expected; annual rate slows to 6.0%; “core” PPI up 0.3%; inflation “hot”; Treasury yields rise noticeably, rate-rise expectations soften; goods prices up 1.2%, services prices up 0.4%. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in which producer prices increased suggested...

read full story