Underlying U.S. producer-price inflation stayed muted in April

THE U.S. producer-price index increased 0.2% in April. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES
NEW YORK – A measure of underlying United States inflation-pipeline pressures rose by less than forecast in April, suggesting Federal Reserve officials may need to await more data to validate their view that muted price gains will prove transitory. Excluding food and energy, producer prices increased 2.4% from a year earlier, matching the slowest gain…

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