U.S. Core Producer Prices Rise 0.8% in January, Exceeding 0.3% Forecast

U.S. core producer prices rose 0.8% in January, surpassing December's 0.6% increase and sharply exceeding the 0.3% consensus estimate. Headline PPI advanced 0.5% month-over-month, beating expectations for a 0.3% gain. The data point to renewed inflation pressures that may curb optimism for sustained easing in price trends.