MarketWatch (06/13/12) Greg Robb
Lower costs for food and energy pulled the U.S. producer price index down 1.0% in May, the U.S. Department of Labor reported today, in the biggest one-month drop in close to three years. Analysts surveyed by MarketWatch had predicted a fall of 0.9% for the month. Core producer prices, excluding volatile food and energy, rose 0.2%—matching analysts’ expectations.
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