US prices surge on energy costs
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US consumer prices in October rose by their biggest amount in five months as households were faced with higher energy and fresh food costs.
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Freezing temperatures across much of the US push oil prices back up sharply to nearly $60 a barrel.
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Oil prices jump to record closing levels in New York amid concerns about the US supply situation.
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US consumers paid more at the pump as the average national price for gasoline rose 0.9 cent per gallon during the past week to $1.
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The price of New York oil rose on Thursday, heading towards a new record high point above 82 dollars amid tight energy supplies in the United States, the world&#39;s biggest consumer of energy.
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The price of crude reaches a new high in the US, driven up by official data showing a decline in heating oil stocks.
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US 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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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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Consumer prices rose the most in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve.
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Surging energy costs drove U.S. consumer prices up a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, while housing starts showed the most strength since December, government reports showed on Wednesday.
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THE cost of oil soared to a record $US49.64 a barrel today as unrest in Nigeria and Saudi Arabia alarmed traders. Oil futures jumped to their highest closing price on record on the New York Mercantile Exchange.
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Consumer prices jumped a  bigger-than-expected 0.8 percent in November, the sharpest  climb in more than two years and driven by surging energy  costs, a government report released on Friday showed.
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Prices of goods imported into the United States rose last month for the first time in three months because of an increase in the cost of natural gas purchases.
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Oil prices jumped nearly 2 percent on Tuesday as colder weather in the United States, the world&#39;s largest heating oil market, brought temperatures more in line with seasonal norms.
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Surging energy costs drove U.S.  consumer prices up by a hefty and larger-than-expected 0.6  percent last month, the biggest jump since May, a government  report showed on Wednesday.
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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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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.