The producer price index in U.S. declined unexpectedly in Apri- Labor Department informed today. PPI dropped by 0.2% after remaining unchanged in March. Economists estimated also PPI’s reading at 0.0%. Comparing with 2011 producer price inflation increased at annual rate of 1.9%. Meanwhile the core PPI (excluding fuel) climbed by seasonally adjusted 0.2%. Today’s increase follows last month’s growth by 0.3%.
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