Wholesale Prices in U.S. Increased in May as Fuel Costs Climbed
U.S. Wholesale Prices Rose in May on Fuel Costs
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Wholesale prices in the U.S. rose in May as the biggest jump in fuel costs in at least five years swamped muted advances in other categories.
The 0.5 percent increase in the producer-price index followed a 0.4 percent decline the prior month, Labor Department figures showed Friday in Washington. The median forecast of 72 economists surveyed by Bloomberg called for a 0.4 percent advance. Costs dropped 1.1 percent over the past 12 months.