Producer Price Gains Reflect Robust Demand Within US Economy

Producer Price Gains Reflect Robust Demand Within US Economy
International shipping containers beside a U.S. flag at the Port of Los Angeles in Long Beach, Calif., on May 14, 2019. Mark Ralston/AFP/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Producer prices saw solid growth in January, suggesting demand remains strong within the U.S. economy, now in its 11th year of a record-long boom.

The Labor Department said on Wednesday its producer price index (PPI) for final demand jumped 0.5 percent last month, the largest gain since October 2018.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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