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 article.

(END) Dow Jones Newswires

May 13, 2021 09:12 ET (13:12 GMT)

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