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Wholesale prices jump 1.1% in May as energy costs surge

Wholesale prices jump 1.1% in May as energy costs surge

Wholesale prices rose 1.1% in May, topping forecasts as energy and gasoline costs drove a fresh increase in pipeline inflation.

 Producer Prices Rose at Fastest Pace in Four Years in April

Producer Prices Rose at Fastest Pace in Four Years in April

The Producer Price Index rose in April at its fastest pace in four years, adding to signs that inflation pressure was building.