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HomeNewsEconomyPPI: Producer Prices in January Rise Unexpectedly, Beat Expectations

PPI: Producer Prices in January Rise Unexpectedly, Beat Expectations

producer-price-index-ppi
producer-price-index-ppi

The Producer Price Index (PPI) reported by the Labor Department Bureau of Labor Statistics.

The Labor Department reported on Wednesday the Producer Price Index (PPI) increased 0.1% in the month of January, beating estimates for a decline of 0.2%. The numbers come after PPI fell 0.2% in December. Wholesale producer prices–excluding the volatile food and energy components–rose 0.4%.

Economists polled by Reuters had forecast the PPI dropping 0.2 percent last month and falling 0.6 percent from a year ago.

The index for final demand services increased 0.5% in January, marking the third straight month of gains. The 4.0% jump in margins for machinery and equipment represented nearly half of the increase in prices for services last month.

Goods prices declined 0.7% after another mirrored drop in December. A key measure of underlying producer price pressures that excludes food, energy and trade services gained 0.2% last month after advancing by the same margin in December.

The so-called core PPI was up 0.8 percent in the 12 months through January.

Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted
Month Total
final
demand
Final
demand
less
foods,
energy,
and
trade
Final demand goods Final demand services Change
in final
demand
from 12
months
ago
(unadj.)
Change
in final
demand
less
foods,
energy,
and
trade
from 12
mo. ago
(unadj.)
Total Foods Energy Less
foods
and
energy
Total Trade Transportation
and
warehousing
Other

2015

Jan.

-0.6 -0.1 -1.9 -0.7 -9.8 0.1 0.1 0.5 -0.8 -0.1 0.0 1.0

Feb.

-0.5 -0.1 -0.3 -1.4 0.0 -0.1 -0.5 -1.7 -0.7 0.1 -0.5 0.8

Mar.

0.0 0.0 -0.1 -0.9 0.6 -0.1 0.1 0.2 -0.3 0.1 -0.9 0.7

Apr.

0.0 0.2 -0.5 -0.9 -2.1 0.1 0.2 0.0 -0.3 0.4 -1.1 0.8

May

0.5 0.0 1.2 1.1 5.7 0.1 0.0 0.2 -0.1 -0.1 -0.8 0.7

June

0.3 0.3 0.5 0.4 0.7 0.4 0.3 0.3 0.2 0.3 -0.5 0.8

July

0.1 0.1 -0.3 -0.8 -0.7 0.0 0.3 0.6 -0.1 0.1 -0.7 0.9

Aug.

-0.2 0.0 -0.5 0.2 -2.6 -0.2 -0.1 -0.4 -0.9 0.2 -1.0 0.6

Sept.

-0.5 -0.1 -1.0 -0.3 -5.3 0.0 -0.1 0.2 0.0 -0.2 -1.1 0.5

Oct.

-0.3 -0.2 -0.3 -0.8 -0.3 -0.3 -0.4 -0.7 -0.2 -0.1 -1.6 0.4

Nov.

0.4 0.1 0.1 0.3 0.5 0.0 0.5 1.3 0.0 0.2 -1.1 0.3

Dec.

-0.2 0.2 -0.7 -1.4 -3.5 0.1 0.1 -0.1 -0.4 0.3 -1.0 0.3

2016

Jan.

0.1 0.2 -0.7 1.0 -5.0 0.0 0.5 0.9 0.4 0.4 -0.2 0.8

NOTE: Some of the percent changes shown here and elsewhere in this release may differ from those previously reported because seasonal adjustment factors have been recalculated to reflect developments during 2015. In addition, indexes for September 2015 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication.

Written by

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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