US: PPI rose 0.2% MoM in January

The Labour Department reported that Producer Prices rose 0.2% MoM during January, missing expectations at +0.3% and bettering December’s print at -0.2%. Over the last twelve months, prices have matched estimates at +1.4%.

Ex food and energy, Producer Prices rose 0.2% MoM and 1.8% YoY.