Jan. 30 (UPI) -- The Bureau of Labor Statistics on Friday said the Producer Price Index rose by a half percent in December, which raises concern that inflation could rise as a result.
The index measures the cost businesses pay for wholesale goods and is among the factors that potentially affect inflation and unemployment rates.
The nation's inflation rate currently is 2.7%, while unemployment was 4.4% in December.
"On an over-year-ago basis, core final demand PPI goods rose 3.7%, which points to ongoing pipeline pressures for consumer inflation that appears to be bolstered in part by tariffs," JPMorgan analysts said in a statement.
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