Core U.S. producer-price index posts first drop in two years

THE CORE PRODUCER -PRICE Index in the United States declined 0.1% from the prior month in July. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
THE CORE PRODUCER -PRICE Index in the United States declined 0.1% from the prior month in July. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
WASHINGTON – A measure of underlying United States producer prices unexpectedly fell in July, with the first drop since early 2017 adding to signs of muted inflation that may reinforce the case for further Federal Reserve easing. Excluding food and energy, producer prices dropped 0.1% from the prior month, compared with projections for a 0.1%…

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