U.S. Producer Prices Climb More Than Forecast on Fuel Costs
.S. producer prices rose more than forecast in May as the cost of fuels surged by the most in three years, a Labor Department report showed Wednesday.
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U.S. producer prices rose more than forecast in May as the cost of fuels surged by the most in three years, a Labor Department report showed Wednesday.
The report shows that prices received by producers are picking up in response to both sturdy domestic demand and U.S.-imposed tariffs on steel and aluminum. It followed figures on Tuesday that showed consumer prices accelerating in the 12 months through May by the most in more than six years.