WRAPUP 1-U.S. producer prices up sharply in January

Newswire

By Anna Willard WASHINGTON, Feb 20 (Reuters) - U.S. wholesale prices soared last month at their fastest pace in more than a decade, spurred by rising energy and auto costs, while jobless claims jumped and the U.S. trade gulf widened in December, according to government reports out on Thursday. Overall producer prices climbed 1.6 percent, the largest rise since January 1990, surpassing forecasts for a 0.5 percent increase. The move followed a 0.1 percent drop in December. Excluding ...

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