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Services prices primarily drove the increase, with a 0.8% monthly rise that was the highest since July 2025. By contrast, goods prices actually fell 0.3%, though core goods prices climbed 0.7%.

More than 20% of the increase in services came from margins for professional and commercial equipment wholesaling.

Trade services prices surged 2.5% ((this in just one month -progree)), helping boost pressures on wholesale inflation.

Driving the increase was an uptick in the wholesale price of services, led by higher profit margins for retailers and wholesalers. The increase suggests that companies are passing along the cost of President Donald Trump's tariffs to their customers. ((This is the trade services thing again. bolding by progree))

“Retailers’ tariff bill has come down marginally in the last few months, but they have continued to lift their selling prices,” Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics, wrote in a commentary.

Energy prices were down as gasoline prices dropped 5.5% from December and 15.7% from a year earlier. Wholesale food prices also fell.