The producer price index was expected to rise 0.4% in December. Jobless claims were forecast to total 200,000.
Wholesale prices rose less than expected in December but still set a new standard at a time when inflation overall is running at a nearly 40-year high, the Labor Department said Thursday.
However, on a 12-month basis, the index was up 9.7% to end 2021, the highest calendar-year increase ever in data going back to 2010. A separate report Thursday showed that initial jobless claims claims for the week ended Jan. 8 totaled 230,000, well above the 200,000 estimate and a considerable increase from the previous week's 207,000.Continuing claims, which run a week behind the headline number, fell by 194,000 to 1.56 million, the lowest level since June 2, 1973.
Excluding food, energy and trade, so-called core PPI increased 0.4% for the month, below the 0.5% estimate.
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