U.S. producer prices climb more than forecast on fuel costs

THE PRODUCER PRICE INDEX in the U.S. increased 3.1 percent year over year, the most since January 2012. / BLOOMBERG FILE PHOTO/TY WRIGHT
THE PRODUCER-PRICE INDEX in the U.S. increased 3.1 percent year over year, the most since January 2012. / BLOOMBERG FILE PHOTO/TY WRIGHT
NEW YORK – United States producer prices rose more than forecast in May as the cost of fuels surged by the most in three years, a Labor Department report showed Wednesday. Highlights of producer prices (May) Producer-price index jumped 0.5 percent month to month (est. 0.3 percent) after 0.1 percent gain the previous month PPI…
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