Wholesale prices rise 1% in January, up near-record 9.7% over the past year

CNBC/Jeff Cox/2-15-2022

“Prices at the wholesale level jumped twice the expected level in January as inflation pressures were unabated to start the year, the Labor Department said Tuesday. The producer price index, which measures final-demand goods and services, increased 1% for the month, against the Dow Jones estimate for 0.5%.”

USAGOLD note: Core producer prices rose 0.9% in January. The fast trip from low single digits to near double digits does not bode well for the future.

source: tradingeconomics.com