US producer prices increased 0.5% mom in January 2026, following a downwardly revised 0.4% rise in December and above forecasts of 0.3%. Prices of services increased 0.8%, the most since July, led by a 14.4% jump in margins for professional and commercial equipment wholesaling. Prices also increased for apparel, footwear; chemicals; bundled wired telecommunications access services; health, beauty, and optical goods retailing; and food and alcohol retailing. On the other hand, prices for goods were down 0.3%, the largest fall since March 2025, mainly due to a 5.5% drop in gasoline. Prices for chicken eggs, electric power, gas fuels, fresh fruits and melons, and ethanol also moved lower. Year-on-year, producer prices went up 2.9%, the least in three months, but above forecasts of 2.6%. Core producer prices jumped 0.8%, also the most in six months, compared to forecasts of 0.3%. Year-on-year, core producer prices rose 3.6%, well above forecasts of 3%.