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Cheaper services weigh on U.S. wholesale prices; jobless claims up

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. producer prices fell for the first time in nearly 1-1/2 years in December amid declining costs for services, which could temper expectations that inflation will accelerate in 2018.Other data on Thursday showed initial claims for unemployment benefits increasing for the fourth straight week to more than a three-month high. That probably does not signal weakness in the labor market as the number of Americans receiving jobless benefits is at levels last seen in 1973. Bitter cold and snow in parts of the country likely kept some workers at home, ...

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First Published: Thu, January 11 2018. 22:20 IST