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US: Annual PPI drops to 2% in January from 2.5% in December
"The Producer Price Index for final demand edged down 0.1 percent in January," the U.S. Bureau of Labor Statistics announced on Thursday.
Key takeaways from the press release
- Final demand prices also fell 0.1 percent in December and inched up 0.1 percent in November.
- On an unadjusted basis, the final demand index advanced 2.0 percent for the 12 months ended in January.
- The index for final demand less foods, energy, and trade services rose 0.2 percent in January following no change in December.
- For the 12 months ended in January, prices for final demand less foods, energy, and trade services moved up 2.5 percent.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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