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Producer Prices Fall More Than Forecast in July

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DAILY DEFLATION DATAPOINT
Wholesale prices in the U.S. fell more than forecast in July, capping off the largest 12-month decline on record. "The downturn in finished goods prices was broad based. The index for energy goods fell 2.4 percent in July after climbing 6.6 percent a month earlier, prices for consumer foods decreased 1.5 percent following a 1.1-percent advance in the previous month, and the index for goods other than foods and energy edged down 0.1 percent compared with a 0.5-percent rise in June," the BLS said.
SOURCE:   BLS

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