US Producer Price Inflation Rises 0.5%
US producer price inflation (PPI) increased in January, with the PPI rising 0.5% month-on-month (MoM). This figure is higher than the 0.4% recorded in December 2025, indicating that price pressures at the producer level remained quite active at the start of the year.
BLS details show that the January increase was primarily driven by a 0.8% increase in final demand services prices, while final demand goods prices actually fell 0.3%. Within goods, energy prices fell significantly (down 2.7%) and food prices fell 1.5%, but core goods (excluding food and energy) still rose 0.7% suggesting that core cost pressures have not completely dissipated.
In historical context, the US PPI has averaged around 0.22% month-on-month since 2009, with a record high of 1.70% (March 2022) and a record low of -1.20% (April 2020). This means that a 0.5% increase is considered above the long-term "normal rhythm," although it is still far from the extreme spike that occurred during the post-pandemic inflation peak.
For the market, the PPI is often read as an early signal of inflationary pressure that could trickle down to the consumer. If the services component and trade margins remain strong, market participants tend to view the disinflation process as more "sticky," potentially making expectations of a Fed rate cut more cautious. The next focus typically shifts to further inflation data and components that influence the PCE (the Fed's favorite indicator).(Cp)
Sumber: Newsmaker.id
