April PPI Jumps 0.8%; Core Rate Rises 0.3%

WASHINGTON — The producer price index rose 0.8% in April, the Labor Department reported Thursday.

Core prices, which exclude food and energy goods, rose 0.3%.

The increase in the PPI was higher than the 0.6% increase projected by economists, according to the median estimate from Thomson Reuters.

Economists were slightly low with their projection for a 0.2% gain in core prices.

The 08% gain in producer prices followed an unrevised 0.7 increase in March.

The April gain was, as expected, led by energy, with finished energy goods rising 2.5% for the month. Gasoline rose 3.6%.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER