Underlying U.S. producer prices rise at slowest pace in year

EXCLUDING FOODS and energy, United States producer prices increased 2.3% in May from a year earlier. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
EXCLUDING FOODS and energy, United States producer prices increased 2.3% in May from a year earlier. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
NEW YORK – A measure of underlying United States producer prices rose at the slowest pace in more than a year, signaling inflation pressures remain muted and potentially reinforcing calls for the Federal Reserve to cut interest rates. Excluding food and energy, producer prices increased 2.3% in May from a year earlier - the least…

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