WASHINGTON — The prices U.S. companies receive for their goods and services rose by the most in seven months in April, led by more expensive food and higher retail and wholesale profit margins.
The Labor Department said Wednesday that the producer price index rose a seasonally adjusted 0.6 percent from March to April after a 0.5 percent increase from February to March. The gains suggest that inflation is picking up from very low levels.
In the past 12 months, producer prices have increased 2.1 percent, the biggest 12-month gain in more than two years. The producer price index measures price changes before they reach the consumer.
Read tomorrow's Arkansas Democrat-Gazette for full details.