CandleFocus U.S. January PPI Rose a Faster Than Expected 0.4%; Annual Pace Jumped to 3.5%
2025-02-13
Author: Content Editor
The Producer Price Index (PPI) for January came in higher than expected, indicating faster inflation at the wholesale level. The PPI rose 0.4% compared to economist forecasts of 0.3%. Core PPI, which excludes food and energy components, also increased by 0.3%. These inflation figures are being closely watched, especially after the stronger than expected Consumer Price Index (CPI) data for January. The price of bitcoin continued to trade around $96,000 and is under pressure ahead of new tariff announcements by Former President Trump. Federal Reserve Chairman Jerome Powell has acknowledged the need for more work on the inflation front and has expressed the intention to pause any further monetary easing unless there is a notable slowdown in the economy or inflation.
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