US PPI for final demand rose 0.7% mom in January, above expectation of 0.4% mom. PPI goods led the advance and rose 1.2% mom while services rose 0.4% mom. PPI less foods, energy, and trade services rose 0.6% mom, largest advance since March 2022.
For the 12 months period, PPI rose 6.0% yoy, above expectation of 5.1% yoy. PPI less foods, energy and trade services rose 4.5% yoy.
