US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
Headline from WFMZ Allentown
U.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook. The Labor Department reported Wednesday that its producer price index — which captures inflation before it reaches consumers —…
WFMZ Allentown's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Elisabeth Buchwald, CNN (CNN) — Inflation at the wholesale level cooled last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics. On an annual basis, the Producer Price Index, which measures the prices businesses receive for their…
U.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook. The Labor Department reported Wednesday that its producer price index — which captures inflation before it reaches consumers —…