WASHINGTON—A gauge of U.S. business prices rose in June, the latest sign that inflation pressures in the economy are firming.
The producer-price index, a measure of the prices businesses receive for their goods and services, rose a seasonally adjusted 0.3% in June from a month earlier, the Labor Department said Wednesday. When excluding the often-volatile food and energy categories, prices were also up 0.3% in June from the prior month. Prices excluding food, energy and trade services increased 0.3% on the month, as well.
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