WASHINGTON — Wholesale prices rose more than projected in June, reflecting higher costs for energy and automobiles.
The 0.8 percent gain in the producer price index was the biggest since September and followed a 0.5 percent rise the prior month, the Labor Department reported The so-called core measure, which excludes volatile food and fuel, increased 0.2 percent.
The data also showed limited cost pressures at the earlier stages of production, indicating demand for raw materials is being restrained by slower growth in China and weakness in Europe.
Read tomorrow's Arkansas Democrat-Gazette for full details.