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Producer Prices continue to rise

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Producer Prices continue to rise

PPI increases 0.6% in April, following March’s 0.5% rise.

The seasonally-adjusted Producer Price Index for final demand increased 0.6% in April, the U.S. Bureau of Labor Statistics reported today.  This followed a 0.5% increase in March. 

The increase was well above analysts’ expectations of a 0.2% increase, and was the largest in 18 months.

In the 12 months through March, producer prices increased 2.1%.

Food prices spiked 2.7% in April, after rising 1.1% in March.

Energy prices increased 0.1%.

Producer prices excluding volatile food and energy costs increased 0.3%, and for the last twelve months have risen 1.9%.

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