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U.S. producer prices fall; jobless claims up for fourth straight week

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 the number of Americans filing for unemployment increasing for the fourth straight week to more than a three-month high. That probably does not signal weakness in the labor market as bitter cold and snow in parts of the country likely kept some workers at home. Still, weak inflation at the producer level could add to concerns that the factors ...

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First Published: Thu, January 11 2018. 19:55 IST