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The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild.The decline was driven lower by cheaper food and gas, and follows two months of strong gains that had suggested inflation might be perking up after being dormant for two years.In the past 12 months, producer prices have risen 2 percent, matching the Federal Reserve's inflation target. Core prices have risen 2 percent in the past year.Wholesale food prices fell 0.2 percent after four months of steep increases. Another reason producer prices fell was that retailer and wholesaler profit margins declined 0.5 percent after two months of strong gains.
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