Producer prices fall in April
Producer price inflation fell in April compared to the previous month, against consensus for a flat figure. Factory prices compared to the same period last year also eased lower more than expected and so did core prices.
Data published by the Labor Department on Friday showed factory prices fell for the first time in four months as fuel prices eased a little. This data signalled inflation may cool in the coming months leaving more room for the Federal Reserve to decide on whether to add stimulus or not.
PPI m/m fell 0.2% in April from a flat number the previous month, against expectations for an unchanged number. PPI y/y eased to 1.9% from 2.8% against consensus for 2.1%. PPI ex food and energy m/m inched down to 0.2% as expected from 0.3% while PPI ex food and energy y/y was 2.7% from 2.9% against 2.8%.
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