New York (CNN Business) Economists and investors are hopeful that we're past the pandemic inflation peak, as another key price index showed a slower increase in April. over the 12 months ending in April, not adjusted for seasonal swings, the The Producer Price Index, which measures wholesale inflation before goods and services reach consumers, rose 11%over the 12 months ending in April, not adjusted for seasonal swings, the Bureau of Labor Statistics reported Thursday. It was the fifth straight month of double-digit inflation. Stripping out more volatile prices for food, energy and trade services, the PPI rose 6.9% for the year ended in April. Still, the new direction holds some promise.

Source: CNN May 13, 2022 00:12 UTC