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US wholesale prices edged down 0.1 percent in July

“The 0.1 percent dip in wholesale prices in July reflected a 0.3 percent drop in energy costs in July, which followed even bigger declines in May and June” writes The Associated Press for Core inflation, which excludes volatile food and energy costs, also fell last month by 0.1 percent.The Labor Department said Thursday that its producer price index, which measures inflation pressures before they reach the consumer, edged down 0.1 percent last month, reflecting a third month of declines in energy prices and a flat reading for food.

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