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    Home ยป US Producer Prices Ease in April But Remains Elevated
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    US Producer Prices Ease in April But Remains Elevated

    May 12, 20221 Min Read
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    A pile of cardboard boxes and stand with green up arrow. Price increase. The growth rate of production. Increasing consumer demand. exports and imports rise. Growth of income from the sale of goods.
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    Producer Prices rose 0.5% in April or 11% annually, driven by surges in the prices of motor vehicles.

    • Economists had projected the PPI to increase by 0.5% for the month and rise 10.7% year-on-year.
    • The core index, excluding the volatile food and energy prices, increased 0.6% in April down from 0.9% in March and 6.9% on an annualized basis.
    • The slowdown in monthly producer price increases comes after a similar trend in consumer prices in April.
    • Prices for truck transportation of freight increased by 4.4% as the prices for automotive fuels and lubricants retailing, transportation of passengers, loan services, and outpatient care also rose.

    Meanwhile, prices for health, beauty, and optical goods fell by 1.3%. Prices for portfolio management, hospital inpatient care, furniture, and guestroom rental also fell.

    DXY up +0.44%, EURUSD down -0.97%

    Source: US Bureau of Labor Statistics

     

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