US wholesale prices up sharply in October
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Wholesale prices in the United States jumped 1.7 percent in October as a result of sharply higherenergy and food costs, the Labor Department reported on Tuesday.
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Inventories at U.S. wholesalers climbed a steeper-than-expected 1.1 percent in November as stocks increased across a wide variety of categories, including cars and computers, a government report showed on Monday.
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Orders to US factories were far stronger in October than analysts expected, but almost all of the gain came from greater demand for military aircraft.
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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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US wholesale inflation surged by its highest amount in three decades in November, figures show.
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Sales of new U.S. homes dipped in  October and inventories rose, but builders boosted prices by  over $30,000 per unit after a sharp decline in home prices a  month earlier, a government report showed Wednesday.
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U.S. core consumer prices kept rising in October and new claims for unemployment benefits unexpectedly shot higher last week, according to government reports on Thursday that implied the economy faces continuing pressure to keep growing without spurring inflation.
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Inventories at United States wholesalers piled up at a faster pace in October as sales posted their first back-to-back declines in more than three years.
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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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U.S. retail sales rose by 0.2  percent in October, the Commerce Department said on Friday,  matching expectations after a sharp drop in auto sales was  offset by solid growth in other areas.
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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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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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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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The US trade gap widened nearly 9 percent in October to a record $55.5 billion as sky-high oil prices helped propel imports into new territory, while industrial output rose as expected in November.
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US consumer prices - stoked by more expensive gasoline as well as pricier fruits and vegetables - heated up in October, rising by 0.6 per cent, the biggest gain in five months.
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Consumer prices -- stoked by more expensive gasoline as well as pricier fruits and vegetables -- heated up in October, rising by 0.6 percent, the biggest gain in five months.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns