US: Annual PPI falls to 11.0% in April vs. 10.7% expected By Frank_Macro UnitedStates PPI Macroeconomics
Annual headline PPI came in at 11.0% in April, a tad above expected, but Core PPI was a tad lower than expected. The annual rate of US Producer Price Inflation fell to 11.0% in April, above expectations for a fall to 10.7% from 11.2% in March, data released by the Bureau of Labour Statistics and Department of Labour showed on Thursday. MoM, headline producer price pressures came in at 0.5% as expected, falling back from a 1.6% MoM gain in March.
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