Accelerating gas and food prices drove the U.S.'s producer price index up 0.5%.
Core consumer prices increased 0.4% in May, pushed up by high rents for primary residences, said the Labor Department.
But orders for non-defense capital goods (excluding aircraft) fell 0.8%, said the Commerce Department.
Best Buy expects sales in the second quarter will be flat, and that non-GAAP diluted earnings per share will fall short of Wall Street's expectations.
Energy prices rose 3.4%, including an 8.1% increase in the amount consumers paid for gasoline.
Adjusted net income rose nearly 16% to $7.50 per share, but analysts were expecting earnings of $7.97 per share.
The IMF's projection for economic growth this year is now only one-tenth of a percentage point above 2015's growth rate.
Sales rose 14% for the second quarter but still fell short of analysts' projections.
Here's a methodology for finding out that you're going to miss your number early enough to do something about it.
A survey finds nearly two-thirds of executives say the race for the White House is a consideration in their business planning.