The Labor Department said Friday that its producer price index, which measures <a href="https://www.foxbusiness.com/category/inflation" target="_blank">inflation at the wholesale level</a> before it reaches consumers, jumped 0.3% in January from the previous month. On an annual basis, prices remain up 0.9%.

Those figures are both higher than the 0.1% monthly gain and the 0.6% annual figure predicted by Refinitiv economists.

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The Labor Department said Friday the producer price index climbed faster than expected in January, underscoring the difficulty of taming high inflation.{ai:summary}Labor Dept: Producer price index up 0.3% in Jan, higher than expected. Inflation threatens economy. #economy

Wholesale inflation accelerates more than expected in January

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