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US wholesale prices up 0.4 percent in December, driven by higher gas and heating oil costs

U.S. wholesale prices increased in December, pushed up by rising gasoline prices and energy costs. But overall inflation remained mild.

The Labor Department says the producer price index, which measures costs before they reach the consumer, rose 0.4 percent last month. That ends three straight months of falling wholesale prices.

Gas prices reversed recent declines and increased 2.2 percent last month. Home heating oil costs grew at the fastest pace in 10 months, while diesel fuel prices increased at the biggest clip in almost four years.

Over the past 12 months, relatively low energy costs have kept inflation tame. Prices have risen a modest 1.2 percent in that period.

Excluding volatile energy and food prices, wholesale costs increased 0.3 percent in December and 1.4 percent year over year.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.85% up 3.83%  
15 Y Fixed Graph 2.97% up 2.96%  
30 Y Fixed Jumbo Graph 4.29% up 4.26%  
5/1 ARM Graph 3.13% up 3.11%  
5/1 Jumbo ARM Graph 3.83% up 3.44%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.43% up 4.38%  
$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.56% up 4.54%  
$50K Loan Graph 4.20% -- 4.20%  
$75K Loan Graph 4.20% -- 4.20%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.08% -- 3.08%  
36 M Used Graph 3.29% -- 3.29%  
48 M New Graph 3.06% -- 3.06%  
48 M Used Graph 2.96% -- 2.96%  
60 M New Graph 3.13% -- 3.13%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% -- 0.37%  
1 yr Graph 0.61% -- 0.61%  
5 yr Graph 1.44% dw 1.48%