U.S. APRIL PRODUCER PRICES FALL 0.2%; CORE RATE RISES 0.2%

Econoday was expecting readings of UNCH for PPI and +0.2% for PPI Less Food and Energy.

BLS Release:

http://bls.gov/news.release/ppi.nr0.htm

Partial quote:

Quote:

PRODUCER PRICE INDEXES - APRIL 2012

The Producer Price Index for finished goods fell 0.2 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods were unchanged in March and increased 0.4 percent in February. At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.5 percent in April, and the crude goods index moved down 4.4 percent. On an unadjusted basis, prices for finished goods advanced 1.9 percent for the 12 months ended in April, the seventh straight month of slowing year-over-year increases following a 7.0-percent rise for the 12 months ended September 2011. (See table A.)