Wholesale prices drop 0.5 percent in June

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Posted: Jul 15, 2010 8:58 AM by John Pastorek
Updated: Jul 15, 2010 9:28 AM
Source: Associated Press

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Topics: prices, wholesale prices, energy, food costs, Labor Department, inflation, June

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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