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U.S. producer prices soared in May at their fastest pace in six months, a government report showed, led by higher energy and food prices while pressures accelerated deeper in the production pipeline, a sign inflation remains a threat.

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The number of idled U.S. workers filing new claims for unemployment benefits rose last week, a government report said Thursday.

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Higher energy and food prices continued to push up U.S. producer prices in June, a government report showed in a sign that inflation threats are alive and well.

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The number of U.S. workers filing new claims for unemployment benefits increased last week, a government report showed, but only retraced about one-third of the previous week's drop, suggesting some stabilization in labor markets.

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U.S. inflation soared to a 17-year-high annual rate in July, a government report showed, led by gains in food, energy, airline fares and apparel.

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