The U.S. Commerce Department released the producer price index for the month of January, where PPI rose by 0.1 percent, compared with the prior drop worth 0.1 percent andworse than the projected estimate of 0.4 percent, while for the year ended January, PPI eased to 4.1 percent as expected, from a prior 4.8 percent in December.

Core PPI rose 0.4 percent last month, up from the prior estimate of 0.3 percent and median forecasted estimate of 0.2 percent, while for the year ended January, core PPI climbed rose antoher 3.0 percet comapred with median estimates of 2.7 percent.