Wholesale Prices in U.S. Increase More Than Forecast on Fuel
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Wholesale prices in the U.S. rose more than forecast in June, reflecting a jump in energy costs that is now abating.
The 0.4 percent increase in the producer price index followed a 0.2 percent drop in May, the Labor Department reported today. The median estimate in a Bloomberg survey of 69 economists called for an advance of 0.2 percent. Fuel costs climbed 2.1 percent, the biggest gain since February 2013.