Producer prices down in June, output up
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U.S. producer prices declined in June while industrial output bounced back, reports on Tuesday showed, setting a favorable tone for Federal Reserve Chairman Ben Bernanke's testimony on the economy on Wednesday.
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Prices paid to U.S. producers for  goods except food and energy fell in July for the first time in  nine months, according to a government report on Tuesday that  markets saw as a sign of slowing inflation.
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Industrial production rose significantly in June, reflecting advances in manufacturing, mining and auto production.
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Japanâs wholesale inflation accelerated in June as oil and other commodity prices rose, prompting food and packaging companies to pass on costs to clients.
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US consumer prices eased down by 0.1 per cent in July as gasoline prices dropped, while factory output rose and home construction rebounded, offering hope the economy has escaped its early-summer &quot;soft patch.&quot; ...
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U.S. producer prices barely edged up  in July, kept in check by lower prices for new cars and trucks  and for many food items, according to a government report on  Tuesday showing muted inflation at the wholesale level.
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The Institute for Supply Management said that its manufacturing index rose to 56 in June. The reading marked the fifth consecutive month of growth.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy.
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US inflation was little changed in June as higher food costs were offset by a dip in petrol, figures show.
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The producer price index declined by 0.2 percent last month after shooting up by 0.9 percent in May, the Labor Department said, citing cheaper energy.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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So Opec has raised its members&#39; production quotas once again, and like last time - in Beirut in June - their action did not bring prices down very much.
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U.S. producer prices declined  unexpectedly by 0.1 percent in December after a sharp drop in  fuel prices, government data showed on Tuesday, but core  inflation at the producers level rose by 0.2 percent as  projected.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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WASHINGTON - Consumer prices fell by 0.1 percent in July as gasoline prices dropped while output at factories and housing construction posted healthy rebounds, offering hope the economy has escaped this summer's "soft patch."   The Labor Department said Tuesday that the decline in its closely watched Consumer Price Index was the first decrease since a 0.2 percent drop last November. The CPI had been up 0.3 percent in June and an even sharper 0.6 percent in May, reflecting big jumps in energy costs...
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Aug. 19 (Bloomberg) -- The index of leading US economic indicators fell in July and Philadelphia-area manufacturing expanded at a slower pace this month, signs that record energy prices are keeping growth from accelerating.