U.S. wholesale prices little changed in May as fuel settled back

PRODUCER-PRICE INDEX remained level in May, reflecting a decline of the price of food and fuel. /COURTESY BLOOMBERG
PRODUCER-PRICE INDEX remained level in May, reflecting a decline of the price of food and fuel. /COURTESY BLOOMBERG
NEW YORK - Wholesale prices were little changed in May from the prior month, reflecting declines in the costs of fuel and food, Labor Department data showed Tuesday. Highlights of PPI (May) Producer-price index was unchanged (matching forecasts) following a 0.5 percent gain the prior month. Wholesale prices advanced 2.4% from a year earlier (forecast was…

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