WASHINGTON — Producer prices rose 1.1% in December, led by a 3.7% increase in energy goods prices, the Labor Department reported Thursday.
Core prices increased 0.2%, partly due to higher cigarette prices. Economists expected December producer prices to rise 0.8% and core prices, which exclude food and energy, to gain 0.3%, according to Thomson Reuters. Producer prices rose 0.8% in November and gained 4.0% in 2010. Core prices rose 1.3% last year.