Producer Prices: Biggest Gain Since '90
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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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Propelled by sharply higher energy and food costs, wholesale prices soared up by 1.7 percent in October, the largest increase since early 1990.
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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 for oil and natural gas hit records in 2004, and energy mutual funds did almost as well. They were No. 2 for the industry, behind Latin American funds.
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The buying power of U.S workers is now rising at the fastest rate since the economic boom of the late 1990s.
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Producer prices, or the cost of goods at the factory gate, rose by a slight 0.2 percent in June from the preceding month, official data showed Monday.
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Consumer prices rose 7.1 percent, the largest increase in more than a decade.
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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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Producer prices surged at a 34-year high rate of 3.2 percent in November on a record rise in gasoline prices, the Labor Department said on Thursday.
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U.S. industrial output grew strongly last month while producer prices fell at the sharpest rate in 1-1/2 years amid tumbling energy prices, according to reports suggesting healthy, noninflationary growth.
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Wholesale prices, pushed by sharply higher energy and food costs, soared by 1.7 percent in October, the largest increase since early 1990.
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U.S. import prices rose 1.7 percent in January, while export prices increased 1.2 percent, the largest rise since January 1989, a U.S. government report showed on Friday.
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Rising demand, a falling dollar and rosy economic predictions, have stoked the price of commodities in the last few years. But times are changing.
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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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WASHINGTON -- The government reported Tuesday the biggest single monthly spike in its wholesale inflation measure since early 1990.
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U.S. producer prices edged up just 0.1 percent in September, held back by a big energy-price drop, but the cost of non-energy items picked up steam, a government report showed on Friday.
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U.S. producer prices dipped unexpectedly by 0.1 percent in December after a sharp drop in fuel prices, government data showed on Tuesday, but core producer inflation rose by 0.2 percent as projected.