U.S. June Producer Prices Unexpectedly Fall; Core Rate Rises 0.3 Percent

(Bloomberg) -- Prices paid to U.S. producers
unexpectedly dropped for the first time in five months, restrained
by declines in fuel and food costs.

The 0.2 percent fall followed a 0.9 percent increase in May,
the Labor Department said today in Washington. Core prices, which
exclude food and energy, rose 0.3 percent, reflecting a jump in
automobile prices. Excluding passenger cars, core prices were up
0.1 percent.


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