Arab Today, arab today producer prices up modestly in july
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Producer prices up modestly in July

Arab Today, arab today

Arab Today, arab today Producer prices up modestly in July

Washington - UPI

The U.S. Producer Price Index for finished goods rose 0.3 percent June to July, the Bureau of Labor Statistics reported Tuesday. On a 12-month, unadjusted basis, prices were up 0.5 percent, slightly lower than June\'s unadjusted annual rate of 0.7 percent. Food prices were up 0.5 percent in July for the second consecutive month, while energy prices dropped 0.4 percent after falling 0.9 percent in June. Core prices, which exclude food and energy items, rose 0.4 percent in July from June and 0.5 percent from July 2011. Energy prices received by producers have dropped for five consecutive months, the bureau said

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