Wholesale prices in the U.S. unexpectedly were little changed in July, reflecting the biggest drop in auto costs in four years.
The steady reading in the producer price index followed a 0.8 percent gain in June, a Labor Department report showed today in Washington.
The median estimate in a Bloomberg survey of 73 economists projected a
0.3 percent rise. The so-called core measure, which excludes volatile
food and fuel, climbed less than forecast.Read more»»»
