Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
2/20/2013 8:35:00 AM Write a Letter to the Editor Write a letter to the Editor

Producer Price Index Rises for First Time in Four Months

Prices paid to U.S. producers rose 0.2% in January, the first rise in four months, the Labor Department said Wednesday.

The producer price index increase followed a 0.3% drop in December. The so-called core PPI, which excludes food and energy, increased 0.2%, Labor said.

Economists had forecast a 0.3% decrease in the PPI and a core rate increase of 0.2%, Bloomberg News reported.

The PPI gain was led by a 0.7% increase in food after a 0.8% drop a month earlier, Bloomberg reported.

An increase in the PPI could indicate strong demand for goods, which would mean more shipments for trucking companies. However, if inflation begins to accelerate too quickly, it also could hurt the economy.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement