3.1 pct in past year

WASHINGTON | Producer prices up 0.5 pct from April, 3.1 pct in past year

WASHINGTON — U.S. wholesale prices last month posted the biggest 12-month 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 … Continue reading WASHINGTON | Producer prices up 0.5 pct from April, 3.1 pct in past year