Producer prices up 0.9 pct in May
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Higher energy costs boosted producer prices 0.9 percent in May, but excluding volatile food and energy costs, prices paid at the factory gate were up a more moderate 0.2 percent, the Labor Department reported on Thursday.
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Manufactured output rose by 0.4 percent in May from April, official data showed on Friday.
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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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US inflation rose more quickly than expected in May, as higher petrol costs hit consumer prices.
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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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The price of a one-ounce first-class stamp will rise from 41 cents to 42 cents in May, the U.S. Postal Service said on Monday.
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The U.S. personal consumption  expenditures price index, excluding food and energy, advanced  by 1.9 percent in May from a year earlier, according to a  government report on Friday that is likely to give the Federal  Reserve some assurance it is making progress in its effort to  curb inflation.
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Inventories of unsold goods at U.S. wholesalers rose 0.5 percent in May, boosted by a buildup in a range of goods including automobiles, metals and electrical supplies, government data showed on Tuesday.
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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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Oil prices rose on Tuesday on cheery  economic data showing that inflationary pressure was held in  check in July and ahead of weekly inventory due out on  Wednesday forecast to show a draw in crude stocks
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Japan&#39;s core private-sector machinery  orders, a key gauge of corporate capital spending, rose 5.9  percent in May from the previous month, government data showed  on Monday.
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Producer prices surged 1.7 percent in October, their sharpest monthly increase in nearly 15 years.
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Japanâs industrial production unexpectedly dropped in May for a third month, the longest losing streak in almost two years. Production fell a seasonally adjusted 0.4 percent from a month earlier, the Ministry of Economy, Trade and Industry said. Slower production diminishes hopes that economic growth will accelerate, in contrast with other reports released in the last week, which said that export growth almost doubled to 15.1 percent in May and retail sales gained for the first time in eight months. The Bank of Japanâs governor, Toshihiko Fukui, said this month that the bank needed more evidence of the economyâs strength before it raises the key interest rate from 0.5 percent.
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Inventories of unsold goods at U.S.  wholesalers rose 0.5 percent in May, boosted by a buildup in a  range of goods including automobiles, metals and electrical  supplies, government data showed on Tuesday.
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The Commerce Department said that stocks of unsold goods increased by 0.9 percent in July, down from a 1.1 percent rise in June.
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U.S. producer prices edged up a   smaller-than-expected 0.1 percent last month and core prices   posted a surprise drop of 0.4 percent, the biggest since April   2003, on the back of sliding car prices, the government said on   Tuesday.
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Corn and soybean prices were slightly  higher on Friday, bouncing back from early losses made after a  government report said U.S. farmers this year would harvest  more bushels of each commodity than ever before.