A factory floor in Kentucky. Photographer: Luke Sharrett
U.S. producer prices rebounded in January by more than expected, underscoring persistent inflationary pressures that could push the Federal Reserve to pursue further interest-rate increases in the months ahead.
The producer price index (PPI) for final demand jumped 0.7 percent last month, the most since June and bolstered by higher energy costs, according to data out Thursday from the Bureau of Labor Statistics (BLS). The PPI climbed 6 percent from a year earlier.
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