June US Producer Price Index Declines, Core PPI Up, Year-Over-Year Rate Slows
() -- The US Producer Price Index fell by 0.3% in June following a 0.6% increase in May, below the expectations for a flat reading in a survey compiled by Bloomberg as of 7:25 am ET. Energy prices fell by 6.4% in the month following an 8.4% gain in the previous month. Gasoline prices declined by 12%, while diesel fuel