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US producer prices rose in June at fastest pace in 13 months

Producer prices, distillery

WASHINGTON (AP) — Prices charged by U.S. producers rose in June at the fastest pace in 13 months, reflecting a big jump in the price of gasoline and other energy products. The Labor Department says that its producer price index, which measures cost pressures before they reach the consumer, increased 0.5 percent in June. That was the largest one-month jump ...

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U.S. producer prices rise as oil price drag slows

WASHINGTON – U.S. producer prices rose for a third straight month in July, suggesting the drag on inflation from weaker oil prices was easing. The Labor Department said on Friday its producer price index for final demand increased 0.2 percent last month after increasing 0.4 percent in June. An increase of 0.4 percent in services prices, which offset a fall ...

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