WASHINGTON — The producer price index rose 0.1% in January on a seasonally adjusted basis, while the core rate surged 0.4%, the Labor Department reported Thursday.

The overall increase followed a 0.1% decrease in the index for December.

The core rose 0.3% in December.

Economists expected a 0.4% gain in PPI and a 0.2% core rise.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.