(Reuters) - The U.S. producer price index, a gauge of prices paid at
the farm gate and factory door, declined by 0.2 percent last
month after shooting up by 0.9 percent in May, the first
decline since January.
But after stripping out volatile food and energy costs,
core prices in June climbed 0.3 percent after gaining 0.2
percent in May. Gasoline prices dropped 3.9 percent, the
biggest decline since a 13 percent plunge in January. That
trend has since been reversed as crude oil has surged to 11
month highs in July and gasoline prices have rebounded.
Read more at Reuters.com Bonds News
the farm gate and factory door, declined by 0.2 percent last
month after shooting up by 0.9 percent in May, the first
decline since January.
But after stripping out volatile food and energy costs,
core prices in June climbed 0.3 percent after gaining 0.2
percent in May. Gasoline prices dropped 3.9 percent, the
biggest decline since a 13 percent plunge in January. That
trend has since been reversed as crude oil has surged to 11
month highs in July and gasoline prices have rebounded.
Read more at Reuters.com Bonds News
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