US PPI PCE Components (Jan 2026):

• Portfolio Management PPI: 1.48% (prev. 2.08%)
• Scheduled Domestic Passenger Air Transport: 0.8% (prev. 2.7%)
• Passenger Airline Services: 2.60% (prev. 2.13%)
• Physician Care: 0.83% (prev. 0.03%)
• Home Health & Hospice Care: 0.10% (prev. 0.25%)
• Hospital Outpatient Care: -0.86% (prev. 0.02%)
• Hospital Inpatient Care: 0.25% (prev. 0.17%)
• Nursing Home Care: 0.19% (prev. 0.15%)

The PPI readings show a general deceleration in price pressures for several sectors, particularly in portfolio management and scheduled domestic air transport, where the declines could signal easing inflation concerns. Notably, the reversal in hospital outpatient care also suggests potential shifts in healthcare costs. These dynamics are important as they may influence Fed policy, hinting toward a more dovish stance if sustained in future releases.