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US Producer Prices Rise More than Expected in April
Producer prices for final demand in the US rose 0.6 percent from a month earlier in April of 2021, following a 1 percent jump in March and above market expectations of a 0.3 percent advance.
About two-thirds of the increase are due to a 0.6 percent rise in services prices, namely portfolio management; airline passenger services; food retailing; fuels and lubricants retailing; physician care; and hardware, building materials, and supplies retailing.
The index for final demand goods also moved up 0.6 percent, namely steel mill products; beef and veal; pork; residential natural gas; plastic resins and materials; and dairy products.
Year-on-year, producer prices jumped 6.2 percent, the largest advance since 12-month data were first calculated in November 2010
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