May whole­sale prices jump 0.5%

Los Angeles Times - - BUSINESS BEAT -

Prices at the whole­sale level rose at the fastest pace in nearly three years in May, pushed higher by a sharp jump in the cost of gaso­line and a record in­crease in the price eggs re­lated to an out­break of avian in­fluenza. But out­side of in­creases in volatile food and en­ergy costs, core inf la­tion re­mained mod­er­ate.

The pro­ducer price in­dex, which mea­sures inf la­tion pres­sures be­fore they reach con­sumers, surged 0.5% in May, the La­bor Depart­ment re­ported. It was the big­gest one-month in­crease since Septem­ber 2012.

Core prices, which ex­clude en­ergy and food, rose just 0.1% in May.

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