Producer prices in U.S. rise more than forecast on services

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U.S. CORE PRODUCER prices increased 1.7% year over year in January. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES
U.S. CORE PRODUCER prices increased 1.7% year over year in January. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES
WASHINGTON – A key measure of United States producer prices rose more than forecast in January, suggesting some inflationary pressures may be building. So-called core producer prices increased 1.7% in January from a year earlier, topping all forecasts in a Bloomberg survey of economists, a Labor Department report showed Wednesday. Including food and energy, the…

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