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Producer Prices drop unexpectedly

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Producer Prices drop unexpectedly

PPI decreases 0.2% in May, following April’s 0.6% rise.

The seasonally-adjusted Producer Price Index for final demand decreased 0.2% in May, the U.S. Bureau of Labor Statistics reported today.  This followed a 0.6% increase in April, which was the largest increase in 18 months.

Analysts had expected an increase of 0.1%.

In the 12 months through May, producer prices increased 2.0%.

Food prices fell 0.2%, after rising 2.7% in April.

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Producer prices excluding volatile food and energy costs fell 0.1%, and for the last twelve months have risen 2.0%.

Click here to see the full report.

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