Wholesale prices unexpectedly fell 0.2% in May

A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back.

The

, a gauge of prices that producers get for their goods and services in the open market, declined 0.2% for the month, the Labor Department’s Bureau of Labor Statistics reported Thursday. That reversed a 0.5% increase in April and compared with the Dow Jones estimate for a 0.1% rise.

Excluding food,…