US Apr Producer Prices Final Demand +0.6%
The producer-price index, a measure of the prices businesses
receive for their goods and services, increased a seasonally
adjusted 0.6% on the month.
Excluding the often-volatile food and energy categories,
producer prices rose a seasonally adjusted 0.7% last month.
Compared with April 2020, the overall PPI climbed 6.2%.
Excluding food and energy, the index grew 4.1%.
The producer-price measure typically tracks the same as other
inflation gauges, though it doesn't always translate into what
consumers pay. A gauge of prices paid by the average American, the
consumer-price index, grew a seasonally adjusted 0.8% in April, the
largest monthly rise since June 2009.
--An artificial-intelligence tool was used in creating this
(END) Dow Jones Newswires
May 13, 2021 09:12 ET (13:12 GMT)
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