US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy

US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy

WASHINGTON (AP) — U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook. The Labor Department reported Wednesday that its producer price index — which captures inflation before it reaches consumers — dropped 0.3% fr...

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