US: PPI for final demand increased 0.4% in January

Haresh Menghani FXStreet

"The Producer Price Index for final demand increased 0.4 percent in January, seasonally adjusted," the U.S. Bureau of Labor Statistics announced this Thursday.

Key takeaways:

• Final demand prices were unchanged in December and moved up 0.4 percent in November.
• On an unadjusted basis, the final demand index rose 2.7 percent for the 12 months ended in January.
• The index for final demand less foods, energy, and trade services rose 0.4 percent in January, the largest advance since increasing 0.5 percent in April 2017.
• For the 12 months ended in January, prices for final demand less foods, energy, and trade services moved up 2.5 percent, the largest rise since 12-month percent change data were available in August 2014.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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