WASHINGTON, June 13 (Reuters) - U.S. producer prices unexpectedly fell in May amid lower energy costs, another indication that inflation was subsiding after surging in the first quarter.
The producer price index for final demand dropped 0.2% last month after advancing by an unrevised 0.5% in April, the Labor Department's Bureau of Labor Statistics said on Thursday.
Economists polled by Reuters had forecast the PPI nudging up 0.1%. In the 12 months through May, the PPI increased 2.2% after rising 2.3% in April.