PPI data show U.S. wholesales prices up 0.2% in April
WASHINGTON - The producer price index rose a modest 0.2% in April, indicating that inflation remains under wraps. Economists polled by MarketWatch had predicted a 0.3% gain. The increase in wholesale inflation over the past year was flat at 2.2%, the government said Thursday. Wholesale prices rose last month for gas and services. Wholesale food costs fell 0.2%. Excluding food, energy and trade margins, the so-called core PPI rate rose 0.4% last month.
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