With energy prices showing another significant increase, the Labor Department released a report on Wednesday showing that U.S. producer prices rose by slightly more than expected in the month of June.
The Labor Department said its producer price index rose by 0.4 percent in June following a 0.5 percent increase in May. Economists had expected prices to climb by 0.3 percent.
Excluding food and energy prices, core producer prices increased by 0.3 percent in June after edging up by 0.1 percent in the previous month. Core prices had been expected to show another 0.1 percent uptick.
The material has been provided by InstaForex Company – www.instaforex.com