Wholesale Prices Accelerated In January

WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected last month. The Labor Department reported Friday that its producer price index, which measures inflation before it hits consumers, rose 0.5% from December and 2.9% from January 2025. Economists had forecast a 0.3% increase for the month and 1.6% year over year, according to a survey by the data firm FactSet. Driving the increase was an uptick in the wholesale price of services, led by higher profit margins for retailers and wholesalers.