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US wholesale prices saw their biggest increase in 11 months in December, led by higher energy and food costs, official figures have shown.

The Producer Price Index rose 1.1% in December, compared with November's 0.8% gain. It was the largest increase since January of last year.

Heating oil saw the biggest price rise, up 12.3%, while the cost of petrol gained 6.4%. Food prices rose 0.8%.

Excluding energy and food costs, prices rose just 0.2% last month.

This was a slowdown on the 0.3% increase in November, said the Labor Department. - BBC