MW: Producer prices fall 0.1% in April; core up 0.2%
By Jeffry Bartash
WASHINGTON (MarketWatch) - U.S. wholesale prices fell a seasonally adjusted 0.1% in April, as the cost of energy and food eased, government data showed. The more closely followed core rate, which excludes volatile energy and food prices, rose 0.2%, the Labor Department reported Tuesday. Economists surveyed by MarketWatch had predicted a 0.2% decline in overall produce prices and a 0.1% increase in the core rate. Meanwhile, the core intermediate PPI, which is viewed as a leading indicator of inflation, jumped 1.1%, the largest one-month gain since July 2008.
