WASHINGTON -- If there is any inflation in the economy, it did not show up yesterday in the government's report on wholesale prices for June.

The Labor Department said its producer price index was fiat last month and unchanged compared with a year earlier. The core rate for PPI, which excludes food and energy, slipped 0.1% to mark the first decline since last October. Compared with a year earlier, the core index was up only 0.6%.

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