U.S. wholesale prices jump in January on energy costs

Newswire

WASHINGTON, March 18 (Reuters) - A jump in energy prices pushed U.S. wholesale prices up sharply in January , according to a long-delayed report from the Labor Department issued on Thursday. The Producer Price Index, which measures prices paid to farms, factories and refineries, climbed a steeper-than-expected 0.6 percent in January after a 0.2 percent gain in December. It was the steepest rise in wholesale prices since a 0.7 percent surge in October 2003 and handily outpaced Wall Street ...

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