UPDATE 2-US Jan producer prices up, fastest in over decade

Newswire

(Adds detail, background, analyst comments) WASHINGTON, Feb 20 (Reuters) - Prices paid to U.S. producers in January soared at their fastest pace in over a decade, pushed up by rising energy and auto costs, the government said on Thursday in a report showing far more evidence of inflation than expected. Overall producer prices climbed 1.6 percent, the largest rise since January 1990, and surpassing forecasts for a 0.5 percent increase. The number followed a 0.1 percent drop the previous ...

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