Producer prices increase in January
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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.
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China's surging trade surplus jumped 67 percent in January from the same month last year to $15.88 billion, the General Administration of Customs said Monday.
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Prices paid to US producers rose 1.7 percent last month, the biggest jump in 14 years, as higher energy and food costs suggested that inflation is picking up.
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Rising food costs helped push consumer prices up for a second straight month in January by 0.4 percent, more than offsetting a moderation in energy price rises as inflation showed signs of gaining steam, according to a Labor Department report on Wednesday.
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Producer prices surged 1.7 percent in October, their sharpest monthly increase in nearly 15 years.
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US consumer price growth rose by 0.4% in January, official figures show, more than many analysts forecast.
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Industrial output in Germany rose by 1.9 percent in January, after edging up by 0.1 percent the previous month, data published by the German Economy and Technology Ministry showed on Thursday.
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Wholesale prices, helped by retreating energy costs, fell in January by the largest amount in three months, providing evidence that inflation pressures are moderating.
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Consumers borrowing increased in January, reflecting an increase in auto loans.
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Payments to Social Security recipients and most federal retirees will increase 2.3 percent in January. It is the smallest cost-of-living adjustment since 2003, reflecting a lower rate of inflation.
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Inflation rose to an annual rate of 2.2 percent in January, compared with 2.1 percent in December, official data showed on Tuesday.
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Light sweet crude for delivery in January traded at US$49.41 a barrel late Monday afternoon in Asian trade, up US$0.52 from the contract&#39;s closing price Friday on the New York Mercantile Exchange.
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Prices paid to US producers rose 1.7 percent last month, the biggest jump in 14 years, as higher energy and food costs suggested that inflation is picking up with economic demand.
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UK inflation rose to 2.2% in January, up from 2.1% in December, as transport costs rose, official figures show.
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Consumer prices rose by a bigger-than-expected amount in January, reflecting big increases in the cost of food and health care, the government reported Wednesday.
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WASHINGTON - US producer prices, a measure of inflation at the wholesale level, rose by a faster-than-expected 0.5% in November, seasonally adjusted Labor Department data showed.
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U.S. producer prices posted their largest gain in more than three decades last month as energy and vehicles prices jumped, while home building rebounded from a six-year low.