Wholesale Prices in U.S. Climb by Most Since September 2012

U.S. wholesale prices jumped in January by the most since September 2012, led by higher costs of gasoline and indicating inflation is beginning to stir.

The 0.6 percent gain in the producer-price index followed a 0.2 percent advance the prior month, a Labor Department report showed Tuesday. The median forecast in a Bloomberg survey called for a 0.3 percent rise. The measure was up 1.6 percent from a year earlier, also more than forecast.