Wholesale Inflation Soars In January

February 26, 2008
Wholesale Inflation Soars In January

The producer price index for finished goods rose 1.0% on a seasonally adjusted basis after a 0.3% decrease in December, the Labor Department said Tuesday. Originally, prices in December were estimated down 0.1%.

The core index, which excludes food and energy items, rose 0.4% last month, seasonally adjusted. It rose 0.2% in December.

Wall Street expected smaller price increases. Economists surveyed by Dow Jones Newswires had called for a 0.4% jump in the overall index and a 0.2% increase in the core index.