Producer prices rise 0.7% in April

U.S. MANUFACTURERS held the line on prices in April, despite rising materials and energy costs. Above, Craig O'Bryant grinds down the corner of a fuse box, preparing it for installation in a motor coach, at the Marathon Coach Inc. factory in Coburn, Ore. /
U.S. MANUFACTURERS held the line on prices in April, despite rising materials and energy costs. Above, Craig O'Bryant grinds down the corner of a fuse box, preparing it for installation in a motor coach, at the Marathon Coach Inc. factory in Coburn, Ore. /
WASHINGTON – The Producer Price Index for Finished Goods, a measure of wholesale prices, rose a seasonally adjusted 0.7 percent in April, fueled by higher costs for energy and food, the U.S. Department of Labor’s Bureau of Labor Statistics reported today. The index had risen 1.0 percent in March and 1.3 percent in February. The…

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