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U.S. producer prices rise in January; industrial output falls

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. producer prices accelerated in January, boosted by strong gains in the cost of gasoline and healthcare, offering more evidence that inflation pressures were building up.While other data on Thursday showed an increase in the number of Americans filing for unemployment benefits, claims continued to point to a tightening labour market. Economists were also unfazed by an unexpected dip in industrial production last month, citing strong business sentiment surveys.The relatively strong producer inflation report came on the heels of data on Wednesday ...

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First Published: Thu, February 15 2018. 22:46 IST
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