Thursday, August 10, 2017

US wholesale prices edged down 0.1 percent in July

August 10, 2017 at 07:34AM

WASHINGTON (AP) — Prices at the wholesale level dipped slightly in July, the first decline in 11 months and further evidence that inflation remains a no-show in the economy.

The Labor Department says its producer price index, which measures inflation pressures before they reach the consumer, edged down 0.1 percent last month, reflecting a third month of declines in energy prices and a flat reading for food.

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