Wholesale Prices in U.S. Increase in June on Services Costs

The gain in U.S. wholesale prices reflected higher food and services costs, signaling modest inflation, a Labor Department report showed Thursday in Washington.

Almost 80 percent of the increase in wholesale prices was due to a 0.2 percent gain in services as goods costs edged up 0.1 percent. A big factor behind the pickup in services costs was a 4 percent rise in prices for securities brokerage and investment advice.