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Wholesale Inflation Surged to 11% in April as Producer Prices keep Accelerating

the staff of the Ridgewood blog

Washington DC, the Producer Price Index for final demand increased 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 1.6 percent in March and 1.1 percent in February.

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On an unadjusted basis, final demand prices moved up 11.0 percent for the 12 months ended in April. That means prices are doubling every 61/2 years .In April, the rise in the index for final demand is primarily attributable to a 1.3-percent advance in prices for final demand goods. The index for final demand construction increased 4.0 percent, while prices for final demand services were unchanged.

Prices for final demand less foods, energy, and trade services moved up 0.6 percent in April after increasing 0.9 percent in March. For the 12 months ended in April, the index for final demand less foods, energy, and trade services rose 6.9 percent.

 

 

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