91.1 F
San Fernando
Wednesday, Dec 7, 2022
-Advertisement-

Wholesale prices bolt higher in May

WASHINGTON — Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food prices marched higher. The Labor Department reported Tuesday that its Producer Price Index, which measures the costs of goods before they reach store shelves, shot up 1.4 percent in May. That was up from a modest 0.2 percent rise in April and marked the biggest increase since November. However, stripping out energy and food prices, which can swing widely from month to month, the “core” rate of inflation rose 0.2 percent in May, an improvement from the prior month’s 0.4 percent increase. That suggested that other prices were fairly well behaved. For the full story visit http://www.latimes.com/business/la-fi-wholesale18-2008jun18,0,5605071.story

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-