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Post by bot on Jul 17, 2015 14:24:15 GMT -5
U.S. producer prices rise 0.4% in June, led by energy
WASHINGTON (MarketWatch) -- U.S. producer prices rose a seasonally adjusted 0.4% in June, led by energy, according to government data released Wednesday. June's result was higher than the 0.2% expected by MarketWatch-polled economists. The price of goods rose 0.7%, while services increased 0.3%, the Labor Department said. Producer prices over the 12 months through June were down 0.7%. Excluding the volatile categories of food, energy and trade, core prices rose 0.3% in June. The core rate has risen 0.7% in the last 12 months.
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