Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a Labor Department report Friday.
The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month.
On a core basis, which the Fed focuses on more as a longer-term gauge of inflation, the CPI was up 3.9%.
Stock market futures moved lower after the PPI report and Treasury yields surged.
However, excluding food, energy and trade services, the index rose 2.6% after being up 1.8% in December.
Persons:
Dow Jones, pare
Organizations:
Labor Department, PPI, CPI, Commerce Department