The Producer Price Index, which measures what suppliers are charging businesses, rose 6% for the year ending in January. That’s down from December’s revised 6.5%. On a monthly basis, US producer prices jumped by 0.7% from December.
Economists were projecting year-over-year growth of 5.4% and a monthly gain of 0.4%, according to Refinitiv estimates. Stripping out the food and energy categories, core PPI rose 5.4% annually and 0.5% monthly. This story is developing and will be updated.
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CNN - Inflation is increasing BUT also decreasing
ALL politicians are contributing to this. None of them deserve to be in positions of power