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US producer prices rise 0.4% in January

The U.S. producer price index went up 0.4% on a monthly basis in January after final demand prices remained unchanged in December 2017, the Bureau of Labor Statistics said.

Excluding food, energy and trade services, seasonally adjusted prices for final demand rose 0.4% in January, the largest increase since a 0.5% gain in April 2017.

Prices for final demand services climbed 0.3% in January after slipping 0.1% in the prior month, while prices for final demand goods increased 0.7%, the sixth consecutive gain.

On an adjusted basis, the final demand index rose 2.7% for the 12 months ended in January, after a 2.6% annual increase in December 2017.