The Canadian PressFebruary 19, 2014 11:02
WASHINGTON - The cost of producing goods and services in the United States rose slightly in January, with higher food prices partly offset by cheaper gas. Overall, inflation remains mild.
The Labor Department said Wednesday that the producer price index, which tracks prices before they reach consumers, rose 0.2 per cent in January. That followed a 0.1 per cent increase in December and a flat reading in November. In the past year, producer prices have risen just 1.2 per cent, below the Federal Reserve's preferred target rate.