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Wholesale prices fall 0.3 percent in May

4 years ago June 16, 2010 Jun 16, 2010 Wednesday, June 16 2010 Wednesday, June 16, 2010 7:45:53 AM EDT in News
Source: Associated Press

Wholesale prices fell for a second straight month in May, the first time that has happened in a year, reflecting big declines in the cost of energy and food.

The Labor Department said wholesale prices dropped 0.3 percent in May following a 0.1 percent decline in April.

Core inflation, which excludes energy and food, posted a 0.2 percent increase.

Core prices are up just 1.3 percent over the past 12 months.

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