FXstreet.com (Barcelona) - Producer prices have increased at a faster than expected pace min the United States in May, driven by energy and food prices, according to the latest figures by the US Labor Department.

Prices at producer level have increased 1.4% from April to May, well above the 1.0% increase forecasted by market analysts, excluding food and energy prices, PPI has posted a 0.2% increase.

Year on year, producer prices have risen 7.2%, while the core CPI rose 3.0%, the same increase as in the previous month.

Energy prices have posted a 4.9% increase on the month, after a 0.2% decline in April, with gasoline prices jumping 9.3% and diesel prices 11.2% up on the month. Food prices increased 0.8% on the month.