Wholesale Prices Fall Unexpectedly in May
Washington, DC, June 13, 2014 -- U.S. wholesale prices declined 0.2% in May after two straight large monthly gains, according to the Labor Department.
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Excluding the volatile food, energy and trade categories, core wholesale prices were flat.
The decline was unexpected. Economists predicted a 0.1% increase after a 0.6% gain in April and a 0.5% rise in March.
The May decline was led by a drop in the cost of energy. Personal consumption fell 0.2% in May.