US Producer Prices Fall For First Time In 4 Months

By Joseph Lazzaro | May 11 2012 8:44 AM

U.S. producer prices unexpectedly fell 0.2 percent in April, due to to a drop in gasoline prices, the U.S. Labor Department announced Friday. That was lower than the 0.0 percent tally forecast by economists surveyed by Bloomberg News.

REUTERS

U.S. producer prices unexpectedly fell 0.2 percent in April, due to to a drop in gasoline prices, the U.S. Labor Department announced Friday.

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The core rate, which excludes often-volatile food and energy prices, rose 0.2 percent.

Details to follow.

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