The prices that producers pay for raw materials and other supplies rose by 9.7% in the year-on-year rate last January, the Bureau of Labor Statistics reported Tuesday.
Thus, the Producer Price Index (PPI) experienced in the first month of the year a strong growth, although slightly lower than those experienced in November and December (both 9.8%).
Prices rose by 1% with respect to the previous month, six-tenths of a percentage point higher than the 0.4% recorded in December.
Excluding food, energy and commercial services — the most volatile items — year-on-year inflation stood at 6.9%, while month-on-month inflation (i.e. from December to January) was 0.9%.
Last week it became known that the US Consumer Price Index (CPI, what the final consumer pays) soared in January to 7.5% —five-tenths above that of December—, which is the highest record for consumer prices in this country since February 1982.