U.S. producer prices up slightly, point to moderate inflation

WASHINGTON (Reuters) - U.S. producer prices rose slightly in June as the cost of energy and other goods dropped for a second straight month, resulting in the smallest annual increase in producer inflation in nearly 2-1/2 years. The report from the Labour Department on Friday also showed a slowdown in underlying producer prices last month, a sign that overall inflation could continue to rise moderately despite strong gains in prices of some consumer goods and services in June.Low inflation and..