US producer prices jumped by more than expected in May amid soaring fuel and food prices which are threatening to accelerate the pace of US unemployment rate surges to 5.5% ...
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Prices climbed by 1.4%, marking the biggest gain since November 2007, according to statistics from the US Labour Department.

Analysts had forecast a rise in producer prices of about 1%.

Core producer prices - excluding fuel and food - increased by 0.2%, in line with analysts' forecasts.

(BBC)

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