• Prior month 0.2%
• Wholesale inventories -0.5% versus 0.2% expected.
• Wholesale sales 0.5% versus 0.3% expected. Prior month revised higher to 1.3% from 1.0% previously reported

Details:

• Wholesale sales (Jan 2026): $727.5B (+0.5% m/m, +7.5% y/y)

• Prior revision: Dec sales revised higher to +1.3% (from +1.0%)

• Inventories: $909.3B (-0.5% m/m, +1.0% y/y)

• Inventories/Sales ratio: 1.25 (down from 1.33 y/y)

Inventories are down wInventory to sales ratio falling sharply to 1.25 which is near the supply problems from Covid. Low inventories could lead to higher prices. Add tariff costs and the data is not inflation friendly.

This article was written by Greg Michalowski at investinglive.com.