US Economy: Expensive Gasoline Pushes Up Producer Prices In May

WASHINGTON - U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, but underlying producer inflation remained moderate.

The Labor Department said on Wednesday its producer price index for final demand rose 0.5 percent last month, boosted by a surge in gasoline prices and continued gains in the cost of services. The PPI edged up 0.1 percent in April....

4 Published By - International Business Times - Politics - 2018.06.13. 17:26
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