# January wholesale inflation saw biggest monthly increase since August | KRDO

> The Producer Price Index rose 0.3% in January 2024, above the expected 0.1%, with services driving the gain while goods prices fell for a fourth month. Food producer prices dropped for a second straight month.

- Date: 2024-02-16 · published 2024-02-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31679-january-wholesale-inflation-saw-biggest-monthly-increase-since-august-krdo
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hotter-than-expected wholesale inflation supports a firmer dollar and rate-cut caution, which can weigh on dollar-denominated grain and feed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-14 | [Morning Bid: A twist in the U.S.'s inflation tale?](https://feedsoft.ai/events/11854-morning-bid-a-twist-in-the-u-s-s-inflation-tale.md) | -0.1% | -0.0% |
| DXY | 2024-10-31 | [Ringgit set for biggest monthly decline since 2015 amid US election jitters \| The Straits Times](https://feedsoft.ai/events/28132-ringgit-set-for-biggest-monthly-decline-since-2015-amid-us-election-jitters-the.md) | +0.7% | +1.4% |
| DXY | 2024-10-28 | [Sterling on track for biggest monthly fall since September 2023 vs dollar](https://feedsoft.ai/events/28096-sterling-on-track-for-biggest-monthly-fall-since-september-2023-vs-dollar.md) | +0.2% | +1.9% |
| DXY | 2021-08-11 | [Dollar hits highest since April ahead of inflation test](https://feedsoft.ai/events/45778-dollar-hits-highest-since-april-ahead-of-inflation-test.md) | +0.1% | -0.2% |
| DXY | 2026-03-27 | [Pound heads for biggest monthly loss against the safe-haven dollar since October \| Reuters](https://feedsoft.ai/events/20428-pound-heads-for-biggest-monthly-loss-against-the-safe-haven-dollar-since.md) | +0.1% | -1.4% |

## Sources

- krdo.com: https://krdo.com/news/2024/02/16/us-wholesale-inflation-comes-in-hotter-than-expected-in-january/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.