Core wholesale prices rose 0.8% in January, much more than expected

• January core wholesale prices (PPI) rose 0.8%, much more than expected, and the hottest since March '22.
• Overall PPI was up 0.5%, hotter than expected and equaling last month's figure, which was the hottest since September's 0.7%.
• Year-over-year core PPI (ex-food and energy) was 3.6%, the hottest since March of last year, indicating sustained inflation.

January's core wholesale prices (Producer Price Index - PPI) rose 0.8%, significantly exceeding expectations and indicating persistent inflationary pressures. The overall PPI was up 0.5%, hotter than anticipated and the highest since September. This data suggests inflation is not cooling as hoped, which could influence the Federal Reserve's monetary policy decisions.