US producer prices fall unexpectedly in July

The Labor Department said the producer prices index fell 0.4 percent in JulyUS producer prices were down unexpectedly in July, reversing gains made in the previous two months, according to official figures released Friday. The Labor Department said its producer price index for final demand fell 0.4 percent, after having risen 0.5 percent in June and 0.4 percent in May.

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