Inflation in prices received by producers (prior to sales to consumers) rose 0.2% in April according to the latest Producer Price Index release by the Bureau of Labor Statistics. The gains were broad-based as the prices for goods and services which posted increases of 0.2% and 0.1%, respectively. Prices for goods advanced 0.2% as declines in prices for trade, transportation, and warehousing were more than offset by a 0.3% increase among all other service prices. Prior to the 1.8% increase in March, energy prices had declined in seven of the prior eight months. The price index for core goods (i.e. goods less food and energy) rose 0.3%.
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