Wholesale Prices in U.S. Climbed More Than Forecast in June
- Biggest gain in fuel prices in a year lead advance in PPI
- Health-care costs were little changed, feed into Fed gauge
This article is for subscribers only.
Wholesale prices in the U.S. rose more than forecast in June, paced by the biggest jump in fuel costs in a year.
The producer-price index gained 0.5 percent, the most since May 2015, after a 0.4 percent rise the prior month, a Labor Department report showed Thursday in Washington. The median forecast of 64 economists surveyed by Bloomberg called for a 0.3 percent advance. Costs rose 0.3 percent over the past 12 months, the biggest year-to-year gain since December 2014.