Wholesale prices rose 0.8% in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor
reported. This increase followed declines of 1.9% in December and 2.5% in November.
At the earlier stages of
processing, the decrease in prices for intermediate materials slowed to 0.7% from 4.2% in the prior month, and the index for
crude materials declined 2.9% after dropping 5.3% in December.
The upturn in the index for finished goods was
led by the index for energy goods, which increased 3.7% after falling 9.1% in December. Price declines for finished consumer
foods slowed to 0.4% in January from 1.4% in the preceding month. The index for finished goods less foods and energy (core
inflation) increased 0.4% following a 0.2-percent rise a month earlier.
Before seasonal adjustment, the Producer
Price Index for Finished Goods increased 0.9% in January to 170.3 (1982 = 100). From January 2008 to January 2009, the index
for finished goods moved down 1.0%.
Over the same period, prices for finished energy goods fell 18.4%. By contrast,
partially offsetting the decrease in finished goods prices, the index for finished goods less foods and energy rose 4.2% and
prices for finished consumer foods increased 1.8%. For the 12 months ended January 2009, the index for intermediate goods
decreased 3.5% and prices for crude goods dropped 29.1%.