By Alexander Bueso
Date: Thursday 13 Jan 2022
(Sharecast News) - Wholesale prices in the States increased less quickly than expected last month as food and energy prices slipped.
According to the US Department of Labor, so-called final demand prices edged up at a month-on-month pace of 0.2%, pushing the annual rate of gains one tenth of a percentage point lower to 9.7% (consensus: 9.8%).
Total final demand prices for goods dropped by 0.4% in comparison to December, but outside of food and energy were up by 0.5%.
Energy prices fell by 3.3% on the month and those of food by 0.6%.
Final demand services' prices on the other hand were 0.5% higher, mainly due to a 1.7% jump in transportation and warehousing costs.
-- More to follow --
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