Inflation Still Hot: Producer Prices Come In Much Higher Than Expected

Holiday inflation and rising Christmas shopping prices and winter holidays increase in debt due to spending and consumer price rise or hyperinflation with 3D illustration elements.

CNBC reports: Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a Labor Department report Friday.

The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month. Economists surveyed by Dow Jones had been looking for an increase of just 0.1%. PPI fell 0.2% in December.

Excluding food and energy, core PPI increased 0.5%, also against expectations for a 0.1% gain. PPI excluding food, energy and trade services jumped 0.6%.

See more here from CNBC.