Producer prices up on energy rise in May
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A big jump in energy costs sharply pushed up prices that U.S. manufacturers and wholesalers paid for goods last month, but outside of energy the inflation picture looked tame.
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Propelled by sharply higher energy and food costs, wholesale prices soared up by 1.7 percent in October, the largest increase since early 1990.
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Surging energy costs drove US consumer prices up by a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, a government report showed on Wednesday.
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A steady rise in food and energy costs pushed overall U.S. consumer prices up 0.7 percent in May, the sharpest gain in more than 1-1/2 years, but prices that strip out volatile food and energy barely edged up, the Labor Department said on Friday.
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A steady rise in food and energy costs pushed overall U.S. consumer prices up 0.7 percent in May, the sharpest rise in 1-1/2 years, a government report showed on Friday.
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Producer prices surged 1.7 percent in October, their sharpest monthly increase in nearly 15 years.
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The producer price index rose 2 percent in November, the highest increase in more than 32 years.
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Oil futures prices have jumped 5 percent higher, climbing above $44 a barrel in the United States Wednesday after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up
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Oil prices briefly climbed back over $50  on Tuesday, pushed higher by supply outages in the North Sea  and fears about low stocks of winter heating fuels.
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Surging energy costs drove U.S.  consumer prices up by a hefty and larger-than-expected 0.6  percent last month, the biggest jump since May, a government  report showed on Wednesday.
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U.S. wholesale prices were higher than expected in May, thanks to gasoline.
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Soaring energy costs and a surge in food prices contributed to a 1.7 percent rise in United States producer prices in October, the Labor Department reported today, the biggest gain in almost 15 years.
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U.S. producer prices shot up 1.7  percent last month, the biggest gain in nearly 15 years and  well above expectations, as energy costs skyrocketed and food  prices surged, a government report showed on Tuesday.
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U.S. producer prices edged up just  0.1 percent in September, held back by a big energy-price drop,  but the cost of non-energy items picked up steam, a government  report showed on Friday.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.
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Soaring energy costs and a surge in food prices contributed to a 1.7 percent rise in U.S. producer prices, the biggest gain in almost 15 years.
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Producer prices, or the cost of goods at the factory gate, rose by 0.3 percent in January from level the previous month, the biggest increase for six months, official data has shown.