Wholesale prices in U.S. increased less than forecast in April

UNITED STATES wholesale prices rose less than forecast in April, restrained by a decline in food costs. Steady demand from consumers and companies, steel and aluminum tariffs, and the threat of further actions by the U.S. government on trade, are underpinning prices for some items while several U.S. firms have cited escalating logistics costs amid a shortage of truckers and new regulations. / BLOOMBERG FILE PHOTO
UNITED STATES wholesale prices rose less than forecast in April, restrained by a decline in food costs. Steady demand from consumers and companies, steel and aluminum tariffs, and the threat of further actions by the U.S. government on trade, are underpinning prices for some items while several U.S. firms have cited escalating logistics costs amid a shortage of truckers and new regulations. / BLOOMBERG FILE PHOTO
NEW YORK - United States wholesale prices rose less than forecast in April, restrained by the biggest decline in food costs since 2016, a Labor Department report showed Wednesday. Highlights of producer prices (April) Producer-price index rose 0.1 percent month to month (est. 0.2 percent) after 0.3 percent gain the previous month PPI advanced 2.6 percent…
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