U.S. Producer Prices Rise 0.4% In June, Led By Energy

U.S. producer prices rose a seasonally adjusted 0.4% in June, led by energy, according to government data released Wednesday. June's result was higher than the 0.2% expected by MarketWatch-polled economists. The price of goods rose 0.7%, while services increased 0.3%, the Labor Department said. Producer prices over the 12 months through June were down 0.7%. Excluding the volatile categories of food, energy and trade, core prices rose 0.3% in June. The core rate has risen 0.7% in the last 12 months.