Agence France-PresseFebruary 19, 2014 13:48
US producer prices rose modestly in January, led by higher food prices, but overall inflationary pressures remained subdued, according to Labor Department data released Wednesday.
The producer price index rose 0.2 percent in January, the second monthly gain in a row. The December increase was revised down to 0.1 percent from the prior estimate of 0.4 percent.
Food prices jumped 1.0 percent and energy prices rose 0.3 percent.
Core PPI, excluding food and energy prices, rose 0.4 percent.