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Wholesale Prices Rose In June
Wholesale prices jumped by more than expected in June.
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WASHINGTON (July 14, 2009)--Wholesale prices jumped by more than expected in June, rising the most since November 2007, led by more expensive energy products.
The Labor Department says the 1.8 percent increase in the Producer Price Index, which tracks the costs of goods before they reach store shelves, came after wholesale prices rose 0.2 percent in May.
Economists expected a gain of 0.9 percent last month.
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