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in Economy

June wholesale prices rise less than expected in another encouraging inflation report

by Editor July 20, 2023, 2:41 am 1.7k Views

June wholesale prices rise less than expected in another encouraging inflation report

A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas.

Brandon Bell | Getty Images

The producer price index for June had a smaller-than-expected increase, the

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reported Thursday, in the latest sign that inflation is calming in the United States.

The PPI for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting an increase of 0.2%. The PPI climbed 0.1% when excluding food, energy and…

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