US PPI down 0.8 percent in January, flat on the year

FXStreet (London) - The Producer Price Index for final demand decreased 0.8 percent in January, seasonally adjusted, the US Bureau of Labor Statistics reported today. Final demand prices moved down 0.2 percent in both December and November. On an unadjusted basis, the index for final demand was unchanged for the 12 months ended in January.

In January, the 0.8 percent decline in final demand prices can be traced primarily to a 2.1 percent decrease in the index for final demand goods. Prices for final demand services fell 0.2 percent.

Within intermediate demand, the index for processed goods declined 2.8 percent, prices for unprocessed goods dropped 9.4 percent, and the index for services moved down 0.2 percent.