Wholesale Prices See Largest Jump in 5 Months, Keeping Pressure on Inflation
• Wholesale costs rose 0.3% in January, faster than expected and the biggest increase in 5 months
• 12-month wholesale inflation rate ticked down slightly to 0.9%
• Core wholesale prices excluding food and energy rose a sharp 0.6%, most in a year
• Follows disappointing consumer price index increase in January
• Suggests path to lower inflation will be "bumpy," Fed unlikely to cut rates soon