Producer prices in the USA +0.3% in January, above expectations. sharp increases in service costs, which could amplify concerns about rising inflation.
Analysts' forecasts were for an increase of 0.1%. The increase ended three consecutive monthly declines in the index. The producer price index rose 0.3%, the Labor Department's Bureau of Labor Statistics said on Friday. It had fallen a revised 0. 1% in December, the agency said. It was the third consecutive monthly decline in the producer priceIndex.