By Jeffry Bartash
WASHINGTON (MarketWatch) - U.S. wholesale prices rose a seasonally adjusted 0.1% in June as higher costs for food, light trucks and appliances offset another decline in energy costs, the Labor Department said Friday. Excluding the volatile categories of food and energy, core wholesale prices rose a slightly faster 0.2%. Economists surveyed by MarketWatch had predicted a 0.2% decrease in the overall producer price index and a 0.2% gain in the core PPI. Energy prices fell 0.9% last month. The wholesale cost of food, meanwhile, rose 0.5%, mainly because of higher meat prices. Over the past year wholesale prices have risen an unadjusted 0.7%. Just one year ago, the year-over-year increase stood at nearly 7%.
