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January PPI Report Shows Producer Prices Rose, Pointing to Persistent Inflation

February 16, 2023

U.S. supplier prices rose 6% in January from a year earlier, a sign of still stubborn inflation pressures in the economy.

That increase in the producer-price index, which generally reflects supply conditions in the economy, was slower than December’s 6.5% gain, the Labor Department said Thursday. And it was down markedly from the 11.7% rise in March 2022, the recent peak.

The PPI increased 0.7% in January from the prior month, compared with a revised 0.2% drop in December, and significantly faster than the 0.2% average monthly rise in the year before the pandemic.

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