Tuesday, July 17, 2007

Overall producer prices fall in June, core up

(Reuters) - The 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. Costs for energy goods overall declined by 1.1 percent in June, a sharp reversal from May's 4.1 percent jump.


Read more at Reuters.com Economic News

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