US Producer Prices Rise More Than Expected in April, Indicating Elevated Inflation
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#18b8fd65 ver:0.53

US producer prices rose more than expected in April, indicating elevated inflation. The producer price index (PPI) for final demand increased by 0.5%, with services accounting for three-quarters of the rise. US wholesale inflation hit its highest rate in a year at 2.2% for the 12 months ending in April. Import prices also rose more than forecast, while export prices increased. Supply-chain disruptions and government spending are contributing to persistent inflation. The latest Consumer Price Index is expected to show inflation growing at a rate of 3.4% year over year in May. #inflation #economy #prices...

#newstr #Inflation #ConsumerPriceIndex #InterestRates #FederalReserve #ProducerPrices #ImportPrices #ExportPrices #SupplyChainDisruptions 

 https://here.news/story/18b8fd65?ver=0.53