No end to America's rising prices: Another inflation measure rose in January
CNN
America's high prices didn't budge in January. Another key inflation measure showed prices rising last month.
The producer price index, which tracks average price changes America's producers get paid for their goods and services over time, rose 9.7% in the 12 months ended in January, not adjusted for seasonal swings, the Bureau of Labor Statistics reported Tuesday. That was far higher than economists had expected. The PPI data series dates back to 2010.
For the month of January alone, prices rose 1%, adjusted for seasonal swings, dwarfing both the price increase from December and economists' expectations. Forecasts had only been for a 0.5% price increase.
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