Energy drives up US producer prices rise in June

Egg prices soared 69.6 percent in June, after a 42.9 percent rise in May, as an avian flu outbreak has forced farmers to kill millions of chickens and other birdsUS producer prices rose for the second straight month in June, led by higher energy prices, official data released Wednesday showed. The Labor Department said its producer price index (PPI) rose 0.4 percent in June, after a small upwardly revised 0.5 percent gain in May. Wholesale prices had fallen 0.4 percent in April. The June increase was led by a 0.7 percent jump in goods, much of it due to higher energy prices, up 2.4 percent, that included a 4.3 percent jump in gasoline prices.

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