WASHINGTON, June 13 (UPI) -- U.S. wholesale prices, considered a gauge of inflation, fell unexpectedly in May, a sign that inflationary pressures are weak in a subdued economy.
The producer-price index fell by 0.2 percent for May, according to the Labor Department. Economists surveyed by The Wall Street Journal had estimated a 0.2 percent rise in the index. The producer-price index is a reflection of the prices firms get in return for their products and services.