RTTNews - The U.S. Labor Department revealed that producer prices rose 0.2 percent in May. This followed a 0.3 percent increase for April and a 1.2 percent decline for March.
Core producer prices, which leave out the impact of the volatile food and energy sectors, edged down by 0.1 percent for May. In April, the figure was up by 0.1 percent.
Energy prices rebounded after recent declines. The sector saw a 2.9% increase in producer prices last month, following declines of 0.1 percent and 5.5 percent in April and March, respectively.
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