PRO­DUCER PRICES JUMP 0.5 PER­CENT

The Denver Post - - BUSINESS -

» U.S. whole­sale WASH­ING­TON prices last month posted the big­gest 12month gain since Jan­uary 2012, a sign that the strong econ­omy is be­gin­ning to rouse in­fla­tion.

The La­bor Depart­ment said Wed­nes­day that its pro­ducer price in­dex— which mea­sures in­fla­tion be­fore it reaches con­sumers— rose 3.1 per­cent from May 2017. The in­dex rose 0.5 per­cent from April, big­gest one-month in­crease since Jan­uary. In April, pro­ducer prices rose just 0.1 per­cent.

En­ergy prices, pulled higher by surg­ing ga­so­line prices, rose 4.6 per­cent last month from April, the big­gest jump in three years.

Food prices rose just 0.1 per­cent, and seafood prices fell a record 13.1 per­cent.

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