Mubasher: The seasonally adjusted US producer price index (PPI) for final demand ticked down 0.1% in January, official data released on Thursday showed.

The slight decline in final demand prices was ascribed to a 0.8% decline in the index measuring the prices for final demand goods last January, the US Bureau of Labor Statistics (BLS) said.

The gauge for final demand services rose 0.3% last month.

The unadjusted final demand index rose 2% over the 12-month period ended last January.

Stripping out volatile food, energy products and trade services, the PPI for final demand edged up 0.2% in January, following a stable reading in the previous month, rising 2.5% year-on-year.

By 1:35 pm GMT, the US dollar index fell 0.16% to 96.9720.