» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 45 | NO. 7 | Friday, February 12, 2021

Wholesale prices surge 1.3% in January, led by energy spike

Print | Front Page | Email this story

WASHINGTON (AP) — U.S. wholesale prices surged 1.3% in January, pushed higher by a big jump in energy costs.

The bigger-than-expected increase in the producer price index, which measures inflation pressures before they reach consumers, was the largest one-month gain on records that go back to 2009, according to the Labor Department on Wednesday. It followed much milder inflation readings of 0.3% in December and 0.1% in November.

The big jump, which reflected higher costs for energy and services, left wholesale prices rising over the past 12 months by 1.7%, the largest 12-month increase in a year. Core inflation, which excludes volatile energy and food, rose 1.2% in January, and 2% over the past 12 months.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0