U.S. Wholesale Prices Fell in April


U.S. wholesale prices fell slightly in April as energy costs declined, pushing the measure of inflation to its lowest annual rate in two and a half years. According to the Department of Labor, the producer price index, which measures how much manufacturers and wholesalers pay for finished goods, was down 0.2%. The underlying rate, which excludes volatile energy and food components, rose 0.2% in April.

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