Producer Prices Rose in January, Signaling Continued Inflation

Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil station in Houston, Texas, on June 9, 2022. Brandon Bell/Getty Images

U.S. Wholesale prices rose 0.7 percent over the same month last year, seasonally adjusted, the largest increase since March 2022.

Experts see the increase as an indication that the inflation hampering the U.S. economy for more than 18 months will continue into 2023.