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U.S. wholesale Prices rise more than forecast on fuel, food

  • Wholesale prices climbed in the month of May for the first time in last three months, reflecting a boost in fuel and food prices that were unsuccessful to strain through to other goods.

    The alleged core wholesale inflation, which rules out often-volatile food and energy prices, was increased by 0.1 percent. The recession in Europe and the slowing growth in up-and-coming markets such as China may carry on restraining commodity costs, damping this global inflation.

    Tagged as: U.S. wholesale Prices, Wholesale prices in US, US inflation, rise in US wholesale prices