January 2021 Producer Price Index — 2021-02-17

The Producer Price Index for final demand increased 1.3 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance is the largest since the index began in December 2009. Final demand prices rose 0.3 percent in December and 0.1 percent in November. (See table A.) On an unadjusted basis, the index for final demand moved up 1.7 percent for the 12 months ended January 2021, the largest increase since climbing 2.0 percent for the 12 months ended January 2020. Two-thirds of the January advance in prices for final demand can be traced to a 1.3-percent rise in the index for final demand services. Prices for final demand goods increased 1.4 percent. Prices for final demand less foods, energy, and trade services moved up 1.2 percent in January, the largest advance since the index began in September 2013.