Wholesale Prices Fall By 0.3 Percent In May.

Navigation: Main page

Author: Unknown

• Wholesale prices dipped by 0.3 percent in May, on the heels of a record drop registered the month before, the Labor Department reported today. Last month's decline in the Producer Price Index, which measures prices before they reach consumers, came after wholesale prices plunged by 1.9 percent in April, the biggest monthly drop ever registered. In a second report, the U.S. trade deficit declined slightly to $42.03 billion in April, after setting an all-time high in March, as the biggest decline in crude oil prices in 13 years helped to cut America's foreign oil bill, the Commerce Department said.