U.S. Wholesale Prices Rise More Than Forecast on Fuel, Food
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Wholesale prices in the U.S. climbed in May for the first time in three months, reflecting an increase in fuel and food prices that failed to filter through to other goods.
The producer-price index rose 0.5 percent after falling 0.7 percent in April, which was the biggest drop in more than three years, according to a Labor Department report released today in Washington. The median estimate in a Bloomberg survey of 76 economists projected the index would gain 0.1 percent. So-called core wholesale inflation, which excludes often-volatile food and energy prices, increased 0.1 percent.