<p>In January, the U.S. PPI increased by 3.5% year-on-year, higher than both the expected value and the previous value (both at 3.3%). The U.S. core PPI in January rose by 3.6% year-on-year, exceeding the expected value of 3.3% and the previous value of 3.5%. The data shows that wholesale prices in the U.S. rose in January due to increases in food and energy prices, indicating limited progress on inflation before the tariffs imposed by the Trump administration. This may further reduce the likelihood of Federal Reserve policymakers cutting interest rates more than once in 2025</p>

<p>In January, the U.S. PPI increased by 3.5% year-on-year, higher than the expected and previous values (both 3.3%). The core PPI rose by 3.6% year-on-year, also exceeding the expected 3.3% and the previous value of 3.5%. Rising food and energy prices drove wholesale prices up, indicating limited inflation progress before the tariffs imposed by the Trump administration. This may reduce the likelihood of the Federal Reserve making multiple rate cuts in 2025</p>

Quick Review of the U.S. January PPI