U.S. January wholesale inflation exceeded expectations. Core PPI (excluding food and energy) rose 0.8% month-on-month, higher than December's 0.6% and market expectations of 0.3%; overall PPI increased 0.5% month-on-month, also above the expected 0.3%. Data shows inflationary pressures remain relatively strong.
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U.S. January wholesale inflation exceeded expectations. Core PPI (excluding food and energy) rose 0.8% month-on-month, higher than December's 0.6% and market expectations of 0.3%; overall PPI increased 0.5% month-on-month, also above the expected 0.3%. Data shows inflationary pressures remain relatively strong.