U.S. producer prices unexpectedly fell in May as costs declined broadly, indicating inflation pressures remained benign. The Labor Department said on Friday its producer price index for final demand slipped 0.2 percent, braking sharply from April's 0.6 percent increase, which was the largest gain in 1-1/2 years. Economists polled by Reuters had forecast producer prices rising 0.1 percent. Wholesale prices had hinted at some pick-up in inflation pressures in recent months.
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