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July 13, 2020

Food costs plunged 5.2% last month

WASHINGTON (AP) — U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.

The Labor Department said the drop in its Producer Price Index, which measures inflation pressures before they reach consumers, followed a 0.4% gain in May. Wholesale prices have fallen in four of the past five months.


 
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