Thursday, April 22, 2010

Producer Prices in U.S. Rise 0.7%; Core Rate Up 0.1% (Update1) - Bloomberg.com

This is probably a spike, but it points the way to higher inflation.

* * * * * J B K * * * * *

San Francisco

Wholesale prices in the U.S. rose more than forecast in March, boosted by higher costs for energy and the biggest gain in food since 1984.

The 0.7 percent increase in prices paid to factories, farmers and other producers followed a 0.6 percent drop in February, the Labor Department said today in Washington. Excluding fuel and food, so-called core prices rose 0.1 percent for a second month, restrained by cheaper autos and appliances.

http://www.bloomberg.com/apps/news?pid=20601068&sid=aYoxl2DbrZU0