By Harriet TorryU.S. supplier prices rose slightly in April as higher energy and services prices kept pressure on inflation. The producer-price index, which generally reflects supply conditions across the economy, rose 0.2% in April from the prior month, compared with a revised decline of 0.4% in March, the Labor Department said Thursday. The Labor Department attributed 80% of April's producer-prices rise to higher services prices. Supplier prices increased by 2.3% in April from a year earlier, a cooling from the 2.7% pace recorded in March and the slowest pace since January 2021. Core producer prices, excluding often volatile food, energy and supplier margins, increased 0.2% from the prior month and 3.4% from a year earlier.

Source: Wall Street Journal May 11, 2023 13:20 UTC