BLS: US PPI Rises 0.5% in Jan. on Higher Services Prices


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The Producer Price Index (PPI) for final demand 
advanced 0.5% in January, following a 0.4% increase in December and 0.2% in 
November, the U.S. Bureau of Labor Statistics (BLS) reported Friday (2/27).

   The January increase was led by a 0.8% rise in prices for final demand 
services. Most of that increase can be traced to a 2.5% jump in margins for 
final demand trade services, BLS said. The index for final demand goods prices, 
in contrast, declined 0.3%.

   Market consensus expected a 0.3% increase in January, but a 2.5% 
month-on-month jump in trade costs and a 0.3% rise in core producer 
prices--final demand excluding food, energy, and trade--outweighed lower goods 
prices.

   Year-on-year, PPI for final demand was up 2.9% in January versus 3% in 
December and against a market consensus of 2.6%.

   Core PPI for final demand, which strips out volatile food and energy 
components as well as trade services, rose 0.3% in January after growing 0.4% 
in December. Over the past 12 months, this core measure has increased 3.4% on 
an unadjusted basis.




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