[06/14/14] Wholesale prices fell for the first time in three months, indicating inflation remains low.
The government's producer price index, which measures the cost of goods and services before they reach consumers, fell 0.2% in May, the Labor Department said.
Economists had forecast a rise of 0.1%, according to Action Economics' median forecast.
The report suggests "producer price inflation is still fairly contained despite the big increases in the last few months," said RBS Securities' economist Omair Sharif in a research note.
Last month's decline followed a rise of 0.6% in April and 0.5% in March. Prices fell 0.2% in February.
The index shows a 2% increase in inflation at the...
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