US wholesale prices arrive hotter than expected, up 0.5% from December and 2.9% from a year ago

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By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — U.S. wholesale prices came in hotter than expected last month.

The Labor Department reported Friday that its producer price index, which measures inflation before it hits consumers, rose 0.5% from December and 2.9% from January 2025. Economists had forecast a 0.3% increase for the month and 1.6% year over year, according to a survey by the data firm FactSet.