Falling food and energy prices helped US wholesale prices rise slower in June, its first fall since January. Producer price inflation fell 0.2% last month, the US Labor Department said. But the core number — which excludes volatile food and energy prices — rose 0.3%, mainly as a result of rising car and light truck sales. (BBC News, Wednesday)
The misreporting about inflation continues.
FEE Timely Classic
Rising Oil Prices Create Inflation? It Just Ain't So! by Christopher Lingle