Skip to content

Producer Price Index Rises 0.8% in April


Click Here!

 Updated:
5/12/2011 10:10:00 AM

Prices paid to U.S. producers rose 0.8% in April, the Labor Department said Thursday.

The April increase of prices paid to factories, farmers and other producers follows increases of 0.7% in March and 1.6% in February.

This compares with the 0.6% median estimate of economists, Bloomberg reported.

The April increase of prices paid to factories, farmers and other producers follows increases of 0.7% in March and 1.6% in February.

The so-called core producer price index excluding food and energy climbed 0.3%.

Food prices increased 0.3% while fuel costs jumped 2.5%, led by a 3.6% surge in gasoline prices.

Companies were charged 0.6% more for light trucks while prices for automobiles were up 0.5%.

An increase in the PPI could indicate strong demand for goods, which would mean more shipments for trucking companies. However, if inflation begins to accelerate too quickly, it could also hurt the economy.

 



Click Here!




© 2010, Transport Topics Publishing Group. All rights reserved.

RELATED ARTICLES

Producer Price Index Gains 0.8% in April (5/12/2011 10:10:00 AM)
Trailer Production in March More Than Doubles From 2010 (5/9/2011 7:30:00 AM)
Diesel Resumes Rise, Gaining 2.6¢ to $4.124 a Gallon (5/3/2011 11:10:00 AM)
Producer Price Index Rises 0.7% in March (4/14/2011 9:00:00 AM)
Diesel Jumps a Dime to Top $4 a Gallon (4/12/2011 9:00:00 AM)
Oil Jumps to Top $112 a Barrel (4/8/2011 4:20:00 PM)
 

OTHER NEWS BRIEFS


Click Here!

Emil Estafanous, CPA, CFF, CGMA