Wholesale Prices in U.S. Rise for Third Time in Four Months
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Wholesale prices in the U.S. rose for the third time in four months, boosted by increasing fuel costs that are pushing inflation higher throughout the economy.
The producer-price index gained 0.3 percent in December, matching the median projection of economists surveyed by Bloomberg, following a 0.4 percent advance the prior month, a Labor Department report showed Friday in Washington. The measure was up 1.6 percent from a year earlier, the most since September 2014.