Producer prices climbed 0.5% in April, seasonally adjusted, after falling 0.1% in March, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5% for the twelve months ended April 2017, which is the largest increase since the twelve months ended February 2012.
The index for final demand goods also increased 0.5% in April. The growth was led by a 0.9% increase in the index for final demand foods. The index for final demand energy increased by 0.8 after falling 2.9% in March.
Prices for final demand services moved up 0.4% in April. Most of the increase can be traced to prices for final demand services less trade, transportation, and warehousing, which advanced 0.8 percent.
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