Wholesale Food Prices Ticked Up Slightly In June, But Remain Nearly 2% Below A Year Ago

Despite a slight 0.4% uptick in wholesale food prices in June, the overall trend of moderating food prices continued, according to the latest Producer Price Index data from the Bureau of Labor Statistics. With prices falling by a combined 6.7% during the preceding six months, overall prices, as represented by the PPI’s “All Foods” index,…