U.S. Producer Prices Increased More Than Forecast in June

A measure of underlying U.S. producer prices increased in June by more than forecast, driven by trade services and indicating inflation may be starting to stabilize.

Excluding food and energy, producer prices increased 2.3% in June from a year earlier, matching the prior month’s annual advance and more than the median forecast of 2.1%, a Labor Department report showed Friday. The overall producer-price index rose 0.1% for a second month, also exceeding expectations for no change.