Producer prices edge up in January

Posted by Reuters

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Producer prices rose for a second straight month in January, pushed up by an increase in the cost of goods, but there was little sign of a broad pick-up in inflation pressures at the factory gate.

The Labor Department said on Wednesday its seasonally adjusted producer price index for final demand increased 0.2 percent last month, the largest increase since October.

Prices received by the nation’s farms, factories and refineries had edged up 0.1 percent in December.

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