January Wholesale Prices in U.S. Rise 0.1% - Bloomberg
February 17th, 2012
Wholesale prices in the U.S. rose less than forecast in January as food and energy costs dropped, a sign inflation pressures may remain subdued.
The producer price index rose 0.1 percent following a 0.1 percent decrease the prior month, Labor Department figures showed today in Washington. Economists projected a 0.4 percent gain, according to the median estimate in a Bloomberg News survey. The core measure excluding volatile food and energy rose 0.4 percent, more than projected, led by a surge in drug prices.
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