The producer price index (PPI), which measures the cost of goods at the factory gate, rose to 9.5 percent last month from 9.0 percent in July, the National Bureau of Statistics said
But while it is important to monitor inflation pressures, "it is equally important to recognize that economic 'heat' does not necessarily equate with overheating," the economists said.
Factory gate prices rose 3.36% in January from the month before, almost touching the 3.4% increase registered last October, the highest since the IBGE series began in 2014.
The annual rate of producer price inflation in January was 23%, IBGE said.
A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.
A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.
China has seen a steady recovery since it was hard hit by the pandemic in the first quarter of 2020, when authorities imposed lockdowns and travel restrictions to contain the virus.