US Producer Prices Climb in January, Pushed Higher by Services

We come in hotter than anticipated with the PPI for final demand up half a percent, the same as in December. The forecast was for a 3/10 rise. Take out food and energy and we're up 8/10 after 7/10 last month and take out trade.To that end, you're up 3/10. That one's down just a little bit. Last month we saw a big rise in trade services and that is not happening this month on a year over year basis.Headline 2.9% X Food and energy is 3.6% and X Food and energy trade 3.4%. The core rate, the 3.6% is a signific ...