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U.S. Producer Prices Tick Higher in June

Wall Street Journal (07/16/14) Jonathan House; Sarah Portlock

The producer price index rose a seasonally adjusted 0.4% in June from May, when prices fell 0.2%, according to the U.S. Department of Labor. Economists surveyed by the Wall Street Journal had forecast a gain of 0.3%. The June price gains were broad based. Energy prices rose 2.1% and accommodation and airline service prices also rose. However, food prices fell 0.2%, down for the second month in a row after increasing substantially earlier in the year.