U.S. producer prices unexpectedly decrease month-on-month in May

Investing.com -- U.S. producer prices unexpectedly decreased on a month-on-month basis in May, dragged down by a decline in the costs of goods, in the latest sign of cooling inflationary pressures in the world's largest economy.

The producer price index for final demand dipped by 0.2% last month, reversing an increase of 0.5% in April. Economists had called for an uptick of 0.1%.

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