Wholesale prices in the US dropped in April by the most in three years, reflecting a decrease in fuel costs that is helping underpin profits.
The producer-price index declined 0.7 per cent, the biggest decrease since February 2010, after falling 0.6 per cent in March, according to a Labor Department report released today in Washington. The median estimate in a Bloomberg survey of 73 economists projected the index would decline 0.6 per cent. So-called core...
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