U.S. Wholesale Prices Fell 0.4% in June on Cheaper Energy

U.S. wholesale costs dropped more than forecast in June, restrained by the biggest decrease in energy prices in two years.

The 0.4 percent decline in the producer-price index followed a 0.2 percent gain in May, Labor Department figures showed today in Washington. The median forecast in a Bloomberg News survey called for a 0.2 percent drop in June. The so-called core measure, which excludes volatile food and energy costs, increased 0.3 percent, more than projected.