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U.S. Producer Prices Eased in July as Energy Costs Fell
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U.S. suppliers’ price increases cooled in July from a year earlier as energy costs dropped, a sign price pressures in the economy have eased slightly.
The producer-price index, which generally reflects supply conditions in the economy, increased by 9.8% on an annual basis in July, the Labor Department said Thursday. That compared with an 11.3% increase in June.
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