The U.S. January producer price data were worse than expected, but the world economy is so weak there is no reason to believe this indicates inflation will rise.

The January producer price index printed up 0.8% and core printed up 0.4% for a 1.0% decrease over the year overall. Over-the-year core PPI was stuck at plus-4.3%, the same pace as in December. The numbers were about twice expectations.

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.