Wholesale Prices in U.S. Rise at Slower Pace as Fuel Drops
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Wholesale prices in the U.S. rose at a slower pace in July as fuel costs dropped by the most in eight months.
The 0.1 percent increase in the producer price index matched the median forecast of economists surveyed by Bloomberg and followed a 0.4 percent gain the prior month, a Labor Department report showed today. The so-called core measure, which strips out volatile food and fuel, increased 0.2 percent.