FXstreet.com (Barcelona) - Producer prices have grown moderately from March to April in the US as prices of food and energy slowed down their growing pace, Core PPI, however, has risen well above expectations, according to data released by the US Labor Department.
PPI index for finished goods, has risen 0.2% in April, following a 1.1% increase ported in the previous month. Energy prices have edged down 0.2%, for the first time on the year so far, after a 2.9% monthly increase in March. Food prices have remained unchanged on the month, after having increased 1.2% in march.
Producer prices except food and energy have increased 0.4% in April, twice as much as expected. In the last 12 months to April, producer prices have risen 6.5%, while except food and energy, PPI has grown 3.0% year-on-year.