Producer Prices, Paced by Food, Up 1.7% in July; Largest Rise Since '74-- Effects of Drought Cited Other Goods Also Up Sharply Producer Prices Up 1.7% in July; Increase Is Sharpest Since 1974 Energy Prices Decline
WASHINGTON, Aug. 15--Prices that retailers pay for finished goods rose by 1.7 percent in July, the largest monthly increase in nearly six years, the Labor Department reported today.