US: Producer Prices (Jan) rose 0.2% MoM

FXStreet (Edinburgh) - The Labour Department reported that Producer Prices rose 0.2% MoM during January, bettering expectations at 0.1% although lower than December’s advance at 0.4%. Over the last twelve months, prices have matched estimates at 1.2%. Ex food and energy, producer prices rose 0.2% MoM and 1.3% YoY.