Producer prices climb in May
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The cost of goods at the factory gate have risen by 0.4 percent in May from April.
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Costco Wholesale Corp.  on Thursday reported a 7 percent increase in May sales at stores open at least a year as it benefited from strengthening foreign currency and higher gasoline prices.
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Stocks rose on Friday after government data showed consumer prices, excluding food and energy, grew less than expected in May, underscoring optimism about continued economic growth while inflation moderates.
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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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A large climb in September U.S.  retail sales and bigger-than-expected gains in underlying  producer prices boosted hopes for stronger growth and bets that  the Federal Reserve will continue to raise interest rates.
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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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A big climb in September U.S. retail  sales and larger-than-expected gains in underlying producer  prices boosted hopes for stronger growth and views the Federal  Reserve will keep raising interest rates.
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BEIJING -- Chinese inflation rose to its highest level in more than two years in May, driven by soaring prices for pork and other food, according to government figures released Tuesday.
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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 recorded their largest gain in more than three decades in November, while the nation's pace of home building also rose for the month in a sign of health for the housing sector.
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Wholesale prices -- catapulted by more expensive energy and food -- soared last month by the largest amount in more than 14 years.
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Chinese industrial production speeds up in May in spite of government measures to control the fast-growing economy.
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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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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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Producer prices surged 1.7 percent in October, their sharpest monthly increase in nearly 15 years.
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US producer prices - a measure of wholesale inflation - rose by a faster than expected 0.5% in November, seasonally adjusted Labor Department figures showed this afternoon.
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Stock index futures rose slightly on Tuesday, indicating a higher market open, after data showed an index of overall U.S. producer prices fell in June.