“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.
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