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Economists Expect Pickup in Producer Prices for January
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Prices that suppliers charged businesses and other customers are expected to have accelerated in January, pushed up by pandemic-related disruptions and continued strength in consumer demand.
Economists surveyed by The Wall Street Journal estimate the Labor Department on Tuesday will report the producer-price index, which generally reflects supply conditions in the economy, rose a seasonally adjusted 0.5% in January from the prior month, a pickup from December’s 0.3% rise, which was the smallest monthly gain in 13 months. Economists generally expect that producer prices slowed on a 12-month basis, after rising 9.7% in December and 9.8% in November.
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