Producer Price Index: Wholesale Inflation Inches Down to 0.9% in January

Wholesale inflation cooled last month but still came in slightly higher than expected. Here is the latest news release from the Bureau of Labor Statistics.

The producer price index for final demand increased 0.3% month-over-month (s.a.), higher than the expected 0.1% increase. On a non-seasonally adjusted basis, this month's headline PPI decelerated from 1.0% in December to 0.9% in January, above the forecasted 0.6% growth.

Core PPI (excluding food and energy) for final demand rose 0.5% from last month, higher than the expected 0.1% increase. On a non-seasonally adjusted basis, core PPI accelerated to 2.0% year-over-year from December's 1.7% yearly increase and was above the forecast of 1.6% growth. This is the first time core CPI has accelerated in six months.

Below is a chart of the historical series with a callout to the most recent 12 months.

PPI - producer price index year over year