Business

US Producer Prices Exceed Expectation in January

Prices for health care services declined, indicating that inflation could ease.
US Producer Prices Exceed Expectation in January
Egg cartons for sale are displayed at a grocery store in Grosse Pointe, Mich., on Feb. 7, 2025. AP Photo/Paul Sancya
Juliette Fairley
Juliette Fairley
Freelance reporter
|Updated:
0:00

U.S. wholesale prices saw a larger increase than anticipated last month, but some details suggest that inflation may ease.

The Bureau of Labor Statistics (BLS) reported on Feb. 13 that the producer price index (PPI) rose 0.4 percent in January, seasonally adjusted, following a 0.5 percent rise in December 2024 and a 0.2 percent gain in November 2024, and exceeding the consensus forecast of 0.3 percent. Year over year, it climbed 3.5 percent.
Juliette Fairley
Juliette Fairley
Freelance reporter
Juliette Fairley is a freelance reporter for The Epoch Times and NTD and a graduate of Columbia University’s Graduate School of Journalism. Born in Chateauroux, France, and raised outside of Lackland Air Force Base in Texas, Juliette is a well-adjusted military brat. She has written for many publications across the country. Send Juliette story ideas at [email protected]