5/13/2021, 2:31 PM (Source: TeleTrader)
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US producer prices up 0.6% in April

The producer Price Index (PPI) for final demand in the United States increased 0.6% in April compared to the previous month, according to a report by the US Bureau of Labor Statistics on Thursday. The index moved up 6.2% for the 12 months ended in April, the largest advance since 12-month data were first calculated in November 2010, the release stated.

The prices for final demand services and goods both rose by 0.6%. The index for final demand less foods, energy, and trade services was up by 0.7% in April month-on-month, while it recorded the highest 12-month increase since 12-month data was first calculated in August 2014.

Baha Breaking News (BBN) / DJ