Producer prices in U.S. little changed as car costs decline

THE PRODUCER PRICE INDEX held steady in July, despite economists projecting a rise. / COURTESY U.S. BUREAU OF LABOR STATISTUCS
THE PRODUCER PRICE INDEX held steady in July, despite economists projecting a rise. / COURTESY U.S. BUREAU OF LABOR STATISTUCS
WASHINGTON -- Wholesale prices in the U.S. unexpectedly were little changed in July, reflecting the biggest drop in auto costs in four years. The steady reading in the producer price index followed a 0.8 percent gain in June, a Labor Department report showed Wednesday in Washington. The median estimate in a Bloomberg survey of 73…

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