Investing.com - U.S. producer prices rose in line with expectations in January, according to data released on Thursday.
The Labor Department said its producer price index rose 0.4% last month. In the 12 months through January, the PPI rose 2.7%.
Economists had forecast the PPI rising 0.4% last month and increasing 2.5% from a year ago.
The so-called core PPI rose by 0.4% from a month earlier and rose by 2.2% in the 12 months through January.
Core PPI is a key gauge of underlying producer price pressures that excludes food and energy costs.