US Producer Prices Unchanged in June
U.S. producer prices were unexpectedly unchanged in June as an increase in the cost of goods because of tariffs on imports was offset by weakness in services.
The unchanged reading in the producer price index for final demand last month followed an upwardly revised 0.3% rise in May, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the PPI rising 0.2% after a previously reported 0.1% gain in May.
In the 12 months through June, the PPI increased 2.3% after advancing 2.7% in May...
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