(Reuters) - WASHINGTON, July 17 - Cheaper energy helped
reduce overall U.S. producer prices in June, according to a
Labor Department report on Tuesday, but a closely watched
measure of core inflation kept rising at a pace likely to keep
concerns about inflation on policy-makers' minds.
The producer price index -- a gauge of prices paid at the
farm gate and factory door -- declined by 0.2 percent last
month after shooting up by 0.9 percent in May, the first
decline since January.
Read more at Reuters.com Economic News
reduce overall U.S. producer prices in June, according to a
Labor Department report on Tuesday, but a closely watched
measure of core inflation kept rising at a pace likely to keep
concerns about inflation on policy-makers' minds.
The producer price index -- a gauge of prices paid at the
farm gate and factory door -- declined by 0.2 percent last
month after shooting up by 0.9 percent in May, the first
decline since January.
Read more at Reuters.com Economic News
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