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.
