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Wholesale prices drop 0.5 percent in June

4 years ago July 15, 2010 Jul 15, 2010 Thursday, July 15 2010 Thursday, July 15, 2010 7:58:06 AM EDT in News
Source: Associated Press

Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished inflation in June.

The Labor Department said wholesale prices dropped 0.5 percent last month, following declines of 0.1 percent in April and 0.3 percent in May.

Core inflation, which excludes food and energy, posted a modest 0.1 percent increase.

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