US PPI for final demand rose 1.0% mom in January, above expectation of 0.6% mom. PPI for final demand services rose 0.7% mom. PPI for final demand goods rose 1.3% mom. For the 12-month period, PPI was unchanged at 9.7% yoy, above expectation of 9.2% yoy.
Excluding foods, energy and trade services, PPI rose 0.9% mom, largest since January 2021. For the 12-monht period, PPI less foods, energy, and trade services rose 6.9% yoy.
