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U.S. Producer Prices Unexpectedly Drop 0.2% In June

Producer prices in the U.S. unexpectedly decreased in the month of June, according to a report released by the Labor Department on Friday. The Labor Department said the producer price index for final demand fell by 0.2 percent in June following a 0.4 percent increase in May. Economists had expected prices to climb by another 0.4 percent.
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