US production prices increase
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US industrial production jumped the most in three months in October, housing starts surged and consumer prices rose, suggesting the Federal Reserve may keep raising its benchmark interest rate.
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Last month, wholesale prices posted their biggest increase in 14 years, the Labor Dept. reported on Nov. 16. The Producer Price Index, a gauge of prices received by farms, factories, and refineries, rose 1.7%, nearly twice as high as forecasted.
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US food prices will rise by as much as 4 percent this year, the biggest increase in 14 years, due to more costly beef, milk, and fresh vegetables, the Agriculture Department said yesterday.
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The average price for a gallon of  gasoline in the United States rose about 6 cents over the past  three weeks on higher global oil prices and capacity reductions  at two refineries in the Midwest, an industry analyst said on  Sunday.
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Crude oil prices rose Wednesday ahead of US petroleum inventory data and an OPEC meeting this week at which the group could decide on a production cut.
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US prices saw their biggest rise in two years in November, boosted by energy costs, official figures show.
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Soaring petroleum prices pushed the cost of goods imported into the U.S. much higher than expected in August, the government said today.
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US prices saw their biggest rise in two years in November, boosted by energy prices, official figures show.
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US stocks rose this week after reports showed the economy grew faster than expected in the second quarter and manufacturing expanded in September for a 16th straight month.
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The US Labor Department said Friday the producer price index rose 0.5 percent in November after jumping 1.7 percent in October. Labor said the slowdown reflected an 0.7 percent drop in gasoline prices after surging 17.3 percent in October.
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U.S. producer prices jumped a  bigger-than-expected 2 percent in November, the largest gain in  more than three decades, on a spike in energy prices, a  government report showed on Tuesday.
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Oil prices rise above $71 a barrel as fears intensify over Mid-East instability and insufficient supply in the US.
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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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World oil prices rose on Friday,  boosted by production stoppages due to a severe hurricane in  the Gulf of Mexico and worries that another storm might further  delay imports into the United States.
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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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Orders increased at US factories in August for a range of durable goods, including automobiles, metals and communications equipment, evidence manufacturing will help drive the economic expansion.
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US steelmakers&#39; shares rose sharply yesterday, with US Steel, Allegheny Technologies and Nucor (which operates a mill in Seattle) reaching their highest prices in at least seven years, after Nissan said the metal is in short supply in Japan.